2000 Powers Ferry Rd SE - Office FOR SALE


Marietta, GA 30067- East Cobb
$19,500,000 USD
404-812-8925
2000 Powers Ferry Rd SE, Marietta, GA for Sale
$19,500,000 USD
Office - FOR SALE
1/25
null | 1.25% Cap Rate

2000 Powers Ferry Rd SE
Marietta, GA 30067
East Cobb


HIGHLIGHTS

  • Huge upside value add opportunity with a mix of retail and office.
  • The retail portion of the property totals approx. 90,000 SF and is 95% leased.
  • The office portion of the property totals approx. 130,000 SF and is 14% leased.
  • Excellent visibility and centrally located at the corner of high-traffic Windy Hill Rd. (27,600 AADT) and Powers Ferry Rd. (35,188 AADT) with signage.
  • Over 216,000 people living within a 5-mile radius with an average household income of $138,602, which is expected to grow by 12% over the next 5 years
  • Many national retailers in the area including Bank of America, Three Dollar Cafe, Dunkin', Starbucks, McDonald's, Chick-fil-A and many more.

OVERVIEW

The Powers Ferry Center is one of the first mixed use developments in Atlanta, well located in northwest Atlanta near the intersection of I-75 and I-285 and across from Wildwood. The immediate area is well established but has seen a resurgence due to the relocation of the Atlanta Braves baseball stadium and surrounding Battery Park, bringing many more people to the area to live and visit. There are over 216,000 people living within 5 miles of the property. The subject property provides for immediate upside with leasing efforts on the office component being currently 14% occupied. There is also an additional building attached to the rear of the office built out at as event space and a fitness center, but neither are currently occupied. While the retail is 100% occupied, there is more upside with increasing the rents or replacing some of the current tenants over time to increase the rental income. There is also the potential to covert the office building to residential or more of a medical use.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

1.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Powers Ferry Center

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Health Club, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

7.89 AC

LAND SF

343,688 SF

ZONING

OHR

APN/PARCEL ID

17-0941-0-002-0

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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