Property Type: Multifamily
Location: Martinez, GA – Augusta MSA
Date Acquired: June 2016
Shenandoah Ridge Apartments is a 272-unit multifamily property spread across 29 two-story residential buildings constructed in 1981/1982. Shenandoah Ridge is located in the northwestern suburb of Martinez (Columbia County), one of Augusta’s most desirable areas. The property is less than ¼ mile from both Blue Ridge Elementary School and Lakeside High School (the best public schools in the Augusta metro area). Shenandoah Ridge is also less than one mile from the headquarters and manufacturing facility of Club Car, a leading producer of gold and utility vehicles, which provides over 1,000 quality jobs to the nearby community. Chick-Fil-A, Target, Kohl’s, Starbucks, and Panera Bread are all located less than one mile from the property at the Mullens Crossing shopping center. Shenandoah Ridge’s location will also benefit greatly when the Riverwatch Parkway extension is completed, scheduled to be completed in Mid-2017. Post extension, the property will be a very short drive to Whole Foods, Publix, Kroger, Fresh Market and the famed Augusta National Golf Club.