About Link Apartments® Canvas
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Link Apartments® Canvas, a 217-unit community in the dynamic Memorial Drive corridor of Atlanta’s booming Eastside submarket. The property’s strategic location is adjacent to Atlanta’s Eastside BeltLine Trail, connecting Link Apartments® Canvas to the city’s most popular amenities. This includes Krog Street Market, Ponce City Market, Atlanta Dairies, Madison Yards, and Memorial Drive’s $1B+ in developments completed and planned. Link Apartments® Canvas’ centralized location enables first class connectivity to the Sunbelt’s dominant job hubs such as: Midtown (110K+ Jobs) and Downtown (125K+ Jobs). Also, substantial investments, such as CIM’s $5B+ Gulch transformation and Summerhill’s $750M+ development, will further transform the surrounding area while Midtown and Downtown are home to several top Fortune 500 employers.
The property is strategically adjacent to the coveted Grant Park neighborhood with top notch demographics and an average home price of ~$800K. In addition, Link Apartments® Canvas presents a rare opportunity to acquire an asset at an appealing basis well below replacement costs, with significant rental headroom of $250+ per unit. Furthermore, new ownership can assume attractive in-place debt with considerable positive leverage through a below market interest rate that will provide notable additional cash flow over new debt options.