Shamah Properties Acquires Multifamily Property In Clarkston, GA For $68M

The sale of a multifamily property located at 1500 Post Oak Dr. in Clarkston, GA has been completed. The property consists of 368 units, with a total square footage of 483,400. The sale price for this transaction amounted to $68,000,000, resulting in a price per unit of $184,782 and a price per square foot of $140.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $68,000,000
• Units: 368
• Price per Unit: $184,782
• Square Footage: 483,400
• Price per Square Foot: $140
• Market: Clarkston, GA

The buyer of the property was Shamah Properties, represented by Eddie Setton, Carl Zekaria, and Alan Shamah. The seller involved in this transaction was The Walden Group. The brokerage services were provided by Nathan Swenson from Cushman & Wakefield.