550 Pharr Rd NE - Office FOR SALE


Atlanta, GA 30305- Garden Hills
$16,000,000 USD
404-876-1640
550 Pharr Rd NE, Atlanta, GA for Sale
$16,000,000 USD
Office - FOR SALE
1/28
null | 8.5% Cap Rate

NEW


550 Pharr Rd NE
Atlanta, GA 30305
Garden Hills


OVERVIEW

550 Pharr is a highly recognizable, architecturally distinctive building featuring multiple outdoor amenity spaces, an on-site restaurant, and a fitness center tenant. The small suite sizes, abundant parking, unique design, and premier location contribute to a strong value add play in a highly desirable location. The building’s architecture includes unique outdoor amenity areas for events, entertaining, and tenant use, including two large 7th floor outdoor spaces, two expansive first-floor patios, an intriguing penthouse with wraparound outdoor space and private balconies for most all suites. Another exciting feature of the property is the 9th-floor penthouse suite, offering a full 360-degree wraparound outdoor terrace with expansive skyline views. The penthouse provides a compelling opportunity for an inspiring signature office, or with proper approvals a private club, event venue, or spectacular penthouse residence. Acquiring the asset substantially below replacement cost provides investors tremendous upside potential. The lobby, restrooms and most of the suites are in great condition. The next phase of improvements including activating the outdoor amenities will help 550 Pharr continue to soar as Buckhead popularity continues to flourish. The property is well located in Buckhead between Piedmont Road and Peachtree Street, with exceptional walkability to premier dining, retail, entertainment, parks and residential options. The location also offers immediate access to GA 400 and I-85, ensuring excellent regional connectivity.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Buckhead 9 Story Office / Mixed Use Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

365

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

SPI-9 SA3

APN/PARCEL ID

17-0061-0010-101-4

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.