5300 Peachtree Rd, Atlanta, GA 30341

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Building Details:

• Year Built: 2008

5300 Peachtree Rd is located in Atlanta, GA.

The Lofts @ 5300 is a mixed use development located in the Chamblee area of the Atlanta metropolitan market. The site consists of 3.99 acres and is improved with six four-story buildings and an attached multi-level parking structure. The property has 242 residential condominium units and 5 commercial retail units at street level. Construction was completed and final C.O.’s were issued in September 2008.

The Lofts @ 5300 is conveniently located across from the Chamblee Marta Transit Station at Peachtree and Miller and offers excellent access to major employers, recreation facilities, as well as shopping and entertainment. The property’s central location and proximity to Interstate 85 and Interstate 285 appeals to a wide variety of residents including families, singles and professionals and has been the primary demand generator for the sale of residential units.

There are a total of eleven different floor plans and all have up-market finishes such hardwood floors, 10 foot ceilings and wood cabinetry with granite countertops and stainless steel appliances. The building exteriors consists of brick and stucco with decorative balconies. Property amenities include a heated swimming pool, interior courtyards with water features, fitness center and a roof-top deck with tennis courts. The attached parking structure accommodates 404 vehicles resulting in a parking ratio of 1.67 spaces per residential unit.

All of the retail space has been sold and as of May 2010 there were 91 of the residential units sold at a total price of $15,749,783 or $201 PSF. The remaining 151 units (152,371 SF) range from studio units as small as 622 SF to 3 bedroom -2 bath units totaling 1,230 SF. They are being offered on an individual basis starting at an average price of $142 PSF with a targeted total gross sales value of approximately $22,855,000.

The offering contained herein provides an investor the opportunity to acquire the remaining inventory of 151 residential units at a discounted sales price. There is no official asking price and the due date for bids from interested parties is December 8th. Final property tours are scheduled from December 1st and 2nd.