Pace Corners
Multifamily | 76 Units | $76,316/unit
Marketing description
Colliers is pleased to present Pace Corners, a 76-unit value-add opportunity located in Augusta, GA. The asset consists soley of studio apartments and is strategically positioned between Augusta’s major employers. Following a comprehensive renovation in Q1 2025, this asset offers investors the opportunity to acquire a repositioned asset
with a clear path to stabilization.
Pace Corners is located in Georgia’s second-largest metro area, home to over half a million residents and supported by a diverse employment base across the healthcare, military, and cybersecurity
sectors. The property is less than 10 minutes from downtown Augusta and ±15 minutes from Fort Gordon, placing it in close proximity to the region’s primary employers and positioning the asset for continued
strong rental demand.
Current ownership has completed a full redevelopment, with ±$3.5 million invested into transforming the asset. Unit interiors were fully rebuilt with new kitchens, new appliances, contemporary finishes, new plumbing, and new electrical systems. Exterior improvements addressed all major capital components, including roofing, HVAC, and overall site improvements. With current occupancy at 85% and roughly $165 in monthly rental upside per unit, investors have the opportunity to focus solely on operational execution to unlock significant NOI growth. Pace Corners offers a straightforward path to stabilization, giving investors the ability to step into a fully renovated asset and focus
on execution from day one.
Investment highlights
Fully Renovated Multifamily Asset
Over $3.5M has been invested into a recently completed redevelopment, encompassing both interior unit
renovations and exterior capital improvements. As a result, the property offers new ownership a fully
upgraded asset.
Operational Value-Add: Adjust to Market Rent Upside
Pace Corners presents a compelling operational value-add opportunity on a 76-unit community, driven
by the ability to enhance opperational performance and capture rental upside. The asset has reached
85 percent occupancy since beginning its lease up, providing a clear path to stabilization. Pace Corners
presents an opportunity centered on improving NOI and overall asset value.
Premier Positioning in Augusta, GA
Pace Corners is located just 8 minutes from downtown Augusta, placing residents near major employers
including Piedmont Health, Augusta University, and Wellstar MCG Health. The property is also only a 15
minute drive to Fort Gordon, one of the region’s largest employment drivers. This central location provides
residents with convenient access to both strong job opportunities and Augusta’s key lifestyle amenities,
supporting long term demand and occupancy.
Growing Employment Base Driving Renter Demand
Augusta, Georgia has experienced steady employment growth of approximately 1.3% YoY. This growth
is largely driven by the continued expansion of cybersecurity operations at Fort Gordon, including the
presence of U.S. Army Cyber Command and the Georgia Cyber Center. In addition, major healthcare
institutions such as Augusta University and Piedmont Augusta serve as key employment anchors, further
supporting job creation and long-term economic resilience in the region.
Attractive Multifamily Market
With nearly $315 million in multifamily sales volume in 2025, Augusta has proven to be one of the more
attractive markets in the Southeast. The average price per unit jumped 127.7% year-over-year, far
outpacing the national average of 5.2% and drawing increased investor interest into the market.
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