Transwestern’s Southeast Investment Services Group is pleased to exclusively present for sale Capella Apartments, a 320-unit multifamily community located in Northeast Atlanta’s Gwinnett County—one of the fastest-growing counties in the nation. The property features convenient access to I-85 and I-285, as well as proximity to major retail, entertainment, and employment centers.
Capella has demonstrated strong financial performance, with consistent revenue and high occupancy averaging 95%. The offering includes attractive, assumable debt well below current market rates. With a combined principal balance of $35,181,000, a low blended interest rate of 4.1%, interest-only payments through maturity in August 2029, the loan structure provides meaningful additional cash flow in today’s higher-rate environment.
The property offers a compelling value-add component, with 44% of the units in original or partially renovated condition. Fully renovated units are achieving average rental premiums of up to $150—demonstrating the remaining upside potential through interior renovations. With strong in-place operations, favorable financing, and a prime location, Capella Apartment Homes offers investors a proven cash-flowing asset with significant potential for further growth through renovation of unit interiors, additional washer and dryer rentals, and exterior enhancements.
1. Attractive, Below Market Assumable Debt
Capella offers a strong financing opportunity with attractive assumable 4.1% interest-only debt through 8/29.
2. Strong Financial Performance
Consistent total revenue averaging over $5.7 million annually over the past four years, driven by strong occupancy averaging 95% and a 41% average increase in rental rates during that period.
3. Quality Asset, Ideal Investment Size
A 320-unit, well-amenitized property with large, efficient units - an attractive investment size for first time Atlanta buyers or existing owners seeking to grow their portfolio.
4. Realizable Value Add Opportunities
Completion of the interior renovation program, additional washer and dryer rentals, and strategic exterior upgrades provide the ability to enhance income.
5. Prime Location with Excellent Access
Proximate to Major Highways, Retail Centers and Employment Hubs Throughout Gwinnett County and the Atlanta Metro.