Echelon Park - 740 McDonough Parkway

On Market

McDonough Parkway

McDonough, Georgia 30253

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Building Details

Property Type Multifamily - Conventional
Year Built1997
Financial Highlights:
$490+ rent delta to nearby granite countertop peers and a $620+ rent delta to new product
Lease Trade-outs unlock $346,944 in NOI by rolling in-place leases to most recent levels
Value-Add opportunity to upgrade 100% of units, coupled with additional yield enhancers, creates over $1,100,000 in annual income
$1.3M in capital improvements completed by current ownership
Location Highlights:
Best-of-Market location in 53M SF logistics and E-Commerce corridor that leads the Southeast
Access to the world’s busiest airport with several multibillion-dollar developments underway
Over 400,000 jobs between McDonough and its quick Downtown/Midtown commutes
Across the street from Wesley Lakes Elementary School – Henry County’s “destination school"

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.

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