1590 Adamson Pky - Office FOR SALE


Morrow, GA 30260
$7,300,000 USD
404-876-1640
1590 Adamson Pky, Morrow, GA for Sale
$7,300,000 USD
Office - FOR SALE
1/10
null | 9% Cap Rate

NEW


1590 Adamson Pky
Morrow, GA 30260


OVERVIEW

Opportunity to acquire an impressive four-story suburban office building well-located in the Atlanta Airport Submarket. The Plaza is 95% occupied and all leases are new or renewed post-covid. The building is in very good condition including recent new roof, new full elevator modernization and new chiller. The ±3,364 SF average suite sizes are easy to lease with little competing properties in the submarket. At just under $90 per square foot roughly 20% of replacement cost—this acquisition offers investors an exceptionally low basis. Combined with below-market rents, base year stops, and 3% annual escalations, the property delivers a reliable and steadily growing income stream. The Atlanta Airport submarket benefits from unmatched connectivity via Hartsfield-Jackson, the world’s busiest passenger airport and top cargo hub. With immediate access to I-75, I-85, and I-285, it supports logistics, distribution, and corporate travel. Growth is driven by hospitality, industrial, and mixed-use projects, while investors are drawn to its stability, diverse tenants, and ongoing redevelopment. - $7,300,000 - $90/SF - ±4.7 Acres - ±81,273 Gross SF - ±69,873 Usable SF - Average rents: $16.13/SF - Market rents: $22.35/SF - WALT: 3.85 Years - Base year expense stops - 3% annual escalations - New roof late 2019 - New Daikin chiller 2022 - New elevators in 2025 - Digital tenant directory - $656,723 2026 NOI Estimate - ±3,000 SF suite for owner occupant or lease-up

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lender-Owned | ±81,273 SF Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

240

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

OI

APN/PARCEL ID

12-0114C-00B-003

ASK ABOUT THIS PROPERTY

Austin BullBull Realty Inc.More Info
404-876-1640

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Austin BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.