ATLANTA, GA - GREA, a full-service real estate advisory firm specializing in multifamily acquisitions and dispositions, announces the $37,050,000 sale of Forty Three 75 Apartments in Atlanta.
GREA represented the seller in the transaction, Crown Bay Group, who sold the asset to The Beach Company. The sale was handled by Chandler Brown, Barden Brown and Taylor Brown.
Located at 4375 Cascade Road, Forty Three 75 is a 1974-built asset comprised of 260 units. The multifamily asset features a leasing office, clubhouse, fitness center, swimming pool, grilling/picnic pavilion, laundry center playground and dog park. The property is situated in the affluent Cascade Road Corridor and is conveniently located within a short drive of both the Fulton Industrial Corridor and Hartsfield Jackson International Airport.
The purchaser plans an interior and exterior renovation as well as added amenities to elevate the property to match the growing demands of the surrounding area.
"The robust job growth from the nearby Fulton Industrial Corridor, as well as excellent nearby school systems, make this an extremely desirable property for both residents and investors," said Chandler Brown, Executive Managing Director at GREA. “We were proud to represent the seller in this transaction and wish the buyer the best as they execute their renovation plan.”
About GREA: GREA offers a personal, hands-on, client-driven approach that understands how to tailor solutions to the needs of each investor. GREA aims to help its clients achieve their real estate goals by leveraging its local expertise with the network's global reach, knowledge, experience, expertise, creativity, and connections. For more information, visit www.grea.com