Views at Jacks Creek

Posted: 8/12/2021
256 Units
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek
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Views at Jacks Creek

About

About Views at Jacks Creek

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 256-unit Views at Jacks Creek apartment community located in Snellville, Gwinnett County, GA. This asset is situated in the rapidly-expanding Gwinnett County, which has seen substantial growth and will continue to flourish as new developments move to this area. One new development is an Amazon Fulfillment Center five miles from the property, expected to create over 1,000 jobs in the area. Within a three-mile radius of this asset, there is more than 5M SF of office space, creating a pent-up demand for housing. Phase I was built in 1987 and consists of 40 units, while Phase II was built in 1997 and consists of 216 units. Currently occupied at 98%, the current owner is signing new leases on renovated units at an average $271 above current in-place rents. A new owner can create additional income by continuing to sign leases at these rates by renovating all units to the premium finish level. Views at Jacks Creek represents an outstanding opportunity to invest in a textbook value-add in the flourishing Gwinnett County submarket.