- acquisition date October 30, 2018
- October 30, 2018
- address1901 & 2001 Old Concord Road Smyrna, GA 30080
- 1901 & 2001 Old Concord Road Smyrna, GA 30080
- number of units340
- square footage399,120
Acquired in October 2018, Villas of South Cobb is a 340-unit, workforce community just northwest of Atlanta in Smyrna, GA.
Apartment features include fully-equipped kitchens, upgraded cabinets and countertops, state of the art appliances, washer/dryer connections, patios/balconies, alluring and durable wood-look flooring, walk-in closets, ceiling fans, window blinds, and lush front and backyards. Community features include two swimming pools, two playgrounds, a soccer field, laundry facilities, mail kiosks, scenic landscaping, a controlled access gate, and convenience to public transit.
The property is in a prime location, only minutes away from Smyrna Market Village, Marietta Square, Cobb Civic Center, and Suntrust Park, the New Atlanta Braves Stadium. The area benefits from a stable and diverse economy powered by healthcare, education, manufacturing, military, and retail. Major employers in the area include Dobbins Air Reserve Base, Lockheed Martin, Kennesaw State University, Wellstar Health, and Atlanta’s largest center of business – the “Platinum Triangle” – which generates approximately 150,000 jobs (48% of total Cobb County employment), and boasts 29 million SF of office space, a convention center, 4,000+ hotel rooms, and the enclosed retail centers Cumberland Mall and Galleria Specialty Mall.
Currently, Cobb County is ranked number one for education in the area while being ranked 12th most educated in the U.S. where 52 percent have bachelor’s degrees – making it the most educated area in Georgia. Cobb County is also the fourth largest county in Georgia with 688,000 residents and 13 percent growth since 2003.