Newmark is pleased to present Echelon Park, a value-add ready, 240-unit apartment community in McDonough (Atlanta), one of the fastest growing logistics & E-Commerce regions in the nation. Built in 1997, the Property benefits from immediate access to the I-75/McDonough employment corridor, providing seamless connectivity to 53M SF of premier logistics & E-Commerce space and 400,000+ jobs; including Hartsfield-Jackson International Airport, Henry County’s burgeoning healthcare industry as well as quick commutes to Midtown and Downtown.
The next owner is presented with an exceptional value-add opportunity to upgrade 100% of the unit interiors to luxury-level finishes, achieving $200-$250 premiums in addition to implementing yield enhancers such as washers and dryers, vinyl flooring, and tech packages. These proposed renovations will not only reduce the prominent rental gap to nearby renovated and new product peers but also reposition Echelon as the leading value-luxury option in the area.