THE CARTER @4250
Location: 4250 Jimmy Carter Blvd. Norcross, Georgia - 30093
Year Built: 1985
Seller: Emma Capital
Acquisition Date: February 8, 2019
Investment & Highlights
The Carter at 4250 is a 300-unit garden-style apartment community located in Norcross, Georgia, constructed in 1985. The Property is situated on 23.08 acres of land, and consists of 20 two- and three-story residential buildings and 1 clubhouse / leasing office. Princeton Heights offers a diverse unit mix of 1-and 2-bedroom units ranging from 707 to 1,052 square feet.
Strong Employment Sector with 7 Fortune 500 HQs and/or Regional Offices within 10 miles.
Fort Located 20 miles from Hartsfield-Jackson Int'l Airport , the world's busiest airport based on passenger traffic since 1998 (Over 100M passengers annually).
A lack of new competition and construction in the submarket has allowed landlords to push rents significantly since 2015, with rent growth more than five times above historical average. Rent growth over the next 12 months is anticipated to reach 6.3%.