Property Description

Lakeside on Riverwatch is a 200-unit, garden-style multifamily community located in the Augusta MSA of Georgia. The property was completed in 2000.

The Property is comprised of 36 one-bedroom units, 116 two-bedroom units and 48 three-bedroom units with an average unit size of 1,109 square feet. The Seller (defined below) recently renovated 190 (95%) of the units to include satin nickel finishes, black or stainless-steel kitchen appliances, faux wood sheet vinyl flooring, tile kitchen backsplashes, resurfaced countertops, and modern lighting fixtures. All units feature spacious floorplans with lighted ceiling fans, ample cabinet and counter space, large French energy efficient windows, large closets with built-in shelves, with select units featuring sunrooms. Community amenities include a resort-style pool with sundeck; a renovated clubhouse with TV and fireplace lounge areas; a fitness center with cardio and weightlifting and yoga equipment; a community playground; a gazebo; a dog park with ability course, and a pet spa. The Seller also added a package delivery room.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Capital Square
Lakeside Riverwatch DST

GA

Remaining Availability

2% Remaining

Total Funds
$47,491,000
Remaining Availability
$603,000
Minimum Investment
see PPM
Funded To Date
$26,197,000
Est. Hold Period
10 Years
Leverage
43.57%
Equity Raise
$26,800,000
Price/SF or Price/Unit
$237,455/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

3.7%

About The Area

The property is located on River Watch Parkway, an east-west thoroughfare connecting downtown Augusta with Columbia County, providing the property with significant drive-by traffic and visibility. Martinez is in Columbia County, Georgia within the Augusta MSA. Martinez is adjacent to Evans, Georgia, which was ranked by Money Magazine as the Best Place to Live in the United States in 2020. The population of Columbia County grew by 25.8% between 2010 and 2020, making it the 4th fastest growing county in Georgia during that time. The property has excellent retail access on Washington Road including Publix, Kroger, Target, and Wal-Mart, all located within 1-2 miles from the property. The property is less than two miles from Evans Towne Center Park and the Columbia County Performing Arts Center, and is about five miles from Riverside Park, where residents can access the Savannah River.

Lakeside on Riverwatch is located in Columbia County, Georgia within the Augusta MSA. The area is ideally situated on I-20 between Atlanta and Columbia, and is easily accessible to interstates I-95 and 1-77.

Augusta is home to several large economic sectors, including advanced manufacturing, aerospace, chemical manufacturing, food manufacturing, customer service, cybersecurity and data centers and logistics. Also, the area is home to 12 hospitals, two biotechnology business incubators, several life sciences companies, and the University System of Georgia’s premier medical university with an aligned clinical treatment and teaching facility. The medical industry alone is estimated to inject approximately $10 billion annually in Augusta’s economy. Augusta has the highest concentration of healthcare in the Southeast and is widely recognized as a healthcare destination.

 

Sponsor

Since 2012, Capital Square has helped investors navigate tax-advantaged real estate offerings.

The company’s experienced, investor-centric team provides a successful foundation for investment opportunities including:

  •  Delaware statutory trusts as replacement properties for 1031 exchanges
  • Qualified opportunity zones
  • Private investment offerings

Dedicated to both cash investors and those seeking replacement properties as part of a Section 1031 exchange, Capital Square’s veteran staff knows how to leverage current market conditions to obtain resilient, stable properties.

The bulk of DST offerings consist of multifamily and healthcare assets. Capital Square also sponsors turnkey real estate investment offerings with low investment minimums. This provides investors with access to higher quality real estate.