Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Central Park Apartments, a 280-unit multifamily property in Atlanta, Georgia.  

“The buyer saw a tremendous opportunity to implement a value-add strategy at Central Park Apartments by enhancing both the physical asset and operational performance,” said Scott Spalding, managing director investments in Marcus & Millichap’s Atlanta office. “With its strategic location near Hartsfield-Jackson Atlanta International Airport and proximity to major economic drivers, including logistics, aviation and Fortune 500 employers, the property is well-positioned to benefit from sustained rental demand and long-term market growth.”  

Spalding represented the seller in the transaction. Marco Welch, managing director investments, procured the buyer, and Joe Mitchell, senior director investments, helped facilitate the transaction. 

Built in 1969, Central Park Apartments is located at 2900 Camp Creek Parkway and occupies a 23.06-acre lot in the Camp Creek area of southwest Atlanta. The community comprises 143 one-bedroom and 137 two-bedroom units. It is minutes from Hartsfield-Jackson Atlanta International Airport and near the intersections of Interstates 285 and 85, providing convenient regional connectivity.