Value Add - Veridian Business Park Office FOR SALE


Norcross, GA - Peachtree Corners
$6,289,000 USD
678-525-4644
, Norcross, GA for Sale
$6,289,000 USD
Office - FOR SALE
1/23
null | 13% Cap Rate

Value Add - Veridian Business Park
Norcross, GA
Peachtree Corners


HIGHLIGHTS

  • Value Add Class Office Investment Opportunity - Potential IRR: 49.19% , Cap Rate: 13%
  • 119 Parking spaces
  • Continued Renovation throughout the years
  • 20 of 36 AC Units recently replaced
  • Roof in Good condition. Replaced 2016.
  • Beautifully landscaped and well maintained

OVERVIEW

Value Add Veridian Business Park. Large Law Firm moving locations allowing for a Value Add investment opportunity with a massive upside(IRR:49.19%, CAP RATE 13%). With over 300 feet of highly visible Jimmy Carter Blvd frontage less than a mile from the intersection of Jimmy Carter Blvd & Peachtree Industrial Blvd this 3.3 acre, 5 building property is conveniently located near historic downtown Norcross, Gwinnett transit bus routes and the thriving Peachtree Corners shopping district with easy access from State Route 141, I-85 and I-285. PLEASE DO NOT DISTURB TENANTS. PLEASE SCHEDULE SITE TOURS THROUGH LISTING BROKER. The Veridian Business Park is located in a Less Developed Census Tracts (LDCTs), which under the Georgia Job Tax Credit (JTC) Program, benefits businesses making them eligible for the state's highest job tax credit benefit level, if other requirements are met. Defined Business Enterprises, located in LDCTs that create 5 net new jobs within a single tax year may apply for the tax credit of $3,500 per eligible net new job created. Businesses may claim the job tax credits for up to five years, as long as the jobs created are maintained.

ASK ABOUT THIS PROPERTY

Korey JonesJones Brokers Realty, LLCMore Info
678-525-4644

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Korey JonesJones Brokers Realty, LLCMore Info
678-525-4644

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