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Franklin Street Brokers $5.9M Sale of Mixed-Use Asset in Metro Atlanta

WOODSTOCK, GA. — Franklin Street Real Estate Services has brokered the $5.9 million sale of a mixed-use asset in downtown Woodstock, a northern suburb of Atlanta. Built in 2014, the Class A property features 23 apartment residences and 8,624 square feet of retail space. Jake Reid and Ricky Jones of Franklin Street represented the undisclosed seller in the transaction.

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Franklin Street Arranges $5.85M Sale of Mixed-Use Development in Woodstock

Franklin Street has arranged the $5.85 million sale of a mixed-use building containing 23 apartments and 8,624 square feet of retail space, located in downtown Woodstock, Georgia. The sale price of the $5.85 million building represents a price per square foot of just over $150. Jake Reid and Ricky Jones of Franklin Street represented the seller in the transaction.

“Demand is not limited to urban infill locations in Buckhead and Midtown,” Reid said. “Walkable communities like Downtown Roswell, Avalon in Alpharetta, and downtown Woodstock have seen big increases in rents and values. The large push by both millennials and baby boomers to live in close proximity to work, shopping, and dining is pushing both rental rates and housing values.”

The Class A building was built in 2014 as a mixed-used development. The property is located in downtown Woodstock within walking distance to the top restaurants and shopping in the area.

About Franklin Street: Franklin Street is a family of full-service real estate companies focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its divisions—Real Estate, Capital, Insurance, and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please visit FranklinSt.com.

– See more at: http://atlanta.citybizlist.com/article/286936/franklin-street-arranges-585m-sale-of-mixed-use-development-in-woodstock-georgia#sthash.ZBKSkl8Q.dpuf