ATLANTA, GA -- Engler Financial Group is pleased to offer for sale Alexan Town Brookhaven (above centered photo), a "Best in Class" Core investment opportunity located in Atlanta’s newest and most desirable mixed-use community - Town Brookhaven.
This 287 unit Class "AA" asset is being offered for sale "free and clear" of existing financing, allowing buyers the opportunity to take advantage of historically low interest rates.
The high quality construction of the units at Alexan Town Brookhaven is similar to an upscale single-family home or condominium. All buildings are controlled-access entry with elevators and air-conditioned interior hallways.
Alexan Town Brookhaven is located within the larger Town Brookhaven mixed-use development (lower right photo by Jonathan Phillips of Atlanta) which offers a highly desirable mix of big box retailers, junior anchors, upscale grocery, as well as “Atlanta centric” restaurants and shopping boutiques.
Town Brookhaven was developed by The Sembler Company and consists of approximately 600,000 square feet of mixed-use commercial space. Construction was ongoing throughout much of Alexan Town Brookhaven’s initial lease up. Since completion of the surrounding retail, the Property has experienced tremendous rent growth (as much as 25%). The Property is currently operating on a net effective pricing model, and signing leases 16% above the current in-place effective figures. Upon renewal, the Property is aggressively pushing residents towards current market rents with renewal increases as high as $300.
To schedule a property tour, please contact
Greg Engler
CEO/President
(678) 992-2000, ext. 1
Pat Jones
Senior Vice President
(678) 992-2000, ext. 2
Kris Mikkelsen
Vice President
(678) 992-2000, ext. 4
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