5610 Glenridge Dr - Apartments CONDO FOR SALE


Sandy Springs, GA 30342
$11,225,000 USD
404-812-8925
5610 Glenridge Dr, Sandy Springs, GA for Sale
$11,225,000 USD
Apartments CONDO - FOR SALE
1/5
null | 6% Cap Rate

5610 Glenridge Dr
Sandy Springs, GA 30342


OVERVIEW

The offering is the street level retail condos below the Arches at Glenridge, which is a class-A apartment complex in one of the best parts of Metro Atlanta. The tenant mix is ideal for the area: Sushi Nami, Firehouse Subs, Qdoba Mexican Grill Blue Moon Pizza, Taziki's Mediterranean, DaVinci's Donuts, nail salon, waxing/lashes, and then one vacant space the seller will master lease if not leased at the time of closing. Another benefit is the parking in front of the retail suites are reserved for those customers, where the residents in the apartments park in the deck behind the complex. Glenridge Springs also benefits from it's location being adjacent to I-285, the perimeter highway around Atlanta, with an entrance and exit right at the side of the property. There is a big daytime population due to the office and medical complexes in the area, and the residential is dense with over 104,000 people living within a 3 mile radius and with an average house hold income over $178,000. Costar reports that $62,748,000 of customer spending for food and alcohol took place in 2024 within one mile of the subject property.

FOR SALE DETAILS

PRICE

$11,225,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

92%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenridge Springs Retail (Not Apartments)

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

144,000 SF

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

MIX

APN/PARCEL ID

17-0038-LL-271-8,17-0038-LL-272-6

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.