The Lewis on Cascade

Capstone is pleased to present the Lewis on Cascade, an 88-unit garden-style apartment complex located in the West Atlanta submarket. Lewis on Cascade benefits from an in-place value add program which will provide an excellent foundation for new ownership to utilize and take the property to the next level. The current owner has renovated 26 units to date which are achieving rent premiums of $250+. Additionally, the property is located near the I-20/Fulton industrial corridor, a dynamic industrial market containing over 128M SF of floor space, providing over 35,000+ logistics, E-commerce, and manufacturing jobs. The property’s unrivaled location, coupled with the lack of workforce housing in the area and excellent multifamily demographic trends, positions the property to capitalize on the growing demand for rental housing. With the majority of exterior CapEx improvements complete and the opportunity to continue the proven in-process value-add program, incoming investors can focus on driving NOI growth by building on the in-process renovation program in a highly sought-after rental market.

Investment Highlights:

Proven Value-Add Opportunity

Strong Demographics Within Constrained Market

Ideally Located to Provide Access to Surrounding Employment Hubs

Located 1 Mile from Cascade Road Retail Corridor