The BelAire Apartment Homes
Marietta, GA
Highlights
Summary
- Offering Price Determined by Market
- Number of Units 188 Units
- Rentable SF 187,790 SF
- Average Unit Size 999 SF
- Year Built 1987
- Acreage 19.56 Ac / 9.61 Units per Acre
The BelAire Apartment Homes, 188 Units, 1987 Built
- Built in 1987 and consisting of 188 units, The BelAire Apartment Homes is an institutionally-sized property located in a growth submarket with strong demographics.
- Proving the demand for upgraded units, WWC renovated units lease for an average premium of $165.
- 87 units (46%) have the ability to be upgraded to “WWC” levels.
- The asset features high-quality construction and desirable elements such as pitched roofs, siding, covered exterior breezeways, patios, open floorplans, and washer/dryer connections in all units except 16 one-bedroom units.
- Located in highly desirable Cobb County with barriers to entry for new construction.
- Only one market rate project built since 1997 within a 4-mile radius
- Located just a mile and a half from downtown Marietta with direct access via Powder Springs Road.
- The asset is 6 miles from the $1.1B Braves Stadium and entertainment/lifestyle complex, The Battery and Truist Park. Additionally, BelAire is 5.5 miles from Cumberland Mall and the Platinum Triangle, which consists of a wide array of retail and office and retail developments.
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