3500 Parkway Ln - Office FOR SALE


Peachtree Corners, GA 30092
$16,000,000 USD
770-653-4251
3500 Parkway Ln, Peachtree Corners, GA for Sale
$16,000,000 USD
Office - FOR SALE
1/21
null | 9.21% Cap Rate

3500 Parkway Ln
Peachtree Corners, GA 30092


HIGHLIGHTS

  • $16M pricing guidance with $16.4M in contractual lease income
  • Low basis of $100 PSF for one of the nicest buildings in the submarket
  • Stability with upside: stable in-place cash flow with with near term leasing upside

OVERVIEW

Peachtree Ridge, located at 3500 Parkway Lane in Peachtree Corners, GA, offers excellent connectivity to I-285 and I-85 and has exceptional access off Peachtree Parkway and unique signange visability to over 45k cars per day. Peachtree Ridge has served as the Headquarters for POND continuously for the past 20 years. POND, who occupies 101,891 SF (63% RBA) is ranked as Atlanta's #1 engineering firm. POND focuses on mission critical engineering needs for the infrastructure, energy, federal, life science, industrial and environmental sectors. This offering presents the opportunity to own one of the best buildings in the submarket at a basis of less $100 psf and anchored by a 20 year tenant who's business is thriving. -Low basis: offered at $100 psf -Stable cash flow with near term upside -Anchor tenant in 15% below market rents Property Video Link : https://vimeo.com/1090489728/072b7fa867

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

9.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Peachtree Ridge

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

700

LAND DETAILS

LAND ACRES

12.6 AC

LAND SF

548,856 SF

ZONING

M1-LIGHT I

APN/PARCEL ID

6-284-026

ASK ABOUT THIS PROPERTY

Casey KeitchenNewmarkMore Info
770-653-4251

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Casey KeitchenNewmarkMore Info
770-653-4251

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