FCP Acquires $51M Multifamily Property In Marietta, GA With Buyer's Rep Michael Errichetti

The multifamily property located at 2050 Austell Rd SW in Marietta, GA has been sold for $51,000,000. The transaction took place on 04/17/2023, with FCP represented by Michael Errichetti as the buyer. The property consists of 360 units, resulting in a price per unit (PPU) of $141,667.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $51,000,000
• Date: 04/17/2023
• Address: 2050 Austell Rd SW, Marietta, GA
• Market: Marietta, GA
• Buyer: FCP - Michael Errichetti
• Brokers: Travis Presnell & James Wilber - Cushman & Wakefield
• Units: 360
• Price Per Unit (PPU): $141,667

The sale of this multifamily property was brokered by Travis Presnell and James Wilber from Cushman & Wakefield.