6625 The Corners Pkwy, Peachtree Corners, GA 30092
103,105 SF | 43% Leased | 4-Star Office Building | Peachtree Corners, GA 30092 | $10,000,000 ($97/SF) | 2.29% Cap Rate
For Sale
Active
Asking Price $10,000,000
- Property Type
-
Office
- Square Feet
- 103,105 SF
- Price / Square Foot
- $97
Listing Contacts
Property Overview
Opportunity to acquire a majestic 5-story office building in Peachtree Corners, a popular and growing submarket of Atlanta at a fraction of replacement costs. This well-maintained asset is in excellent condition with renovated lobbies, common corridors, bathrooms, elevators, HVAC and outdoor amenity space.
The building offers existing income from excellent tenants and below market pricing for huge upside potential. Projections suggest the building could be stabilized within 24 months providing significant gain opportunities. Four and five star office buildings in the submarket have experienced over 100K positive absorption in the last 12 months.
The building offers existing income from excellent tenants and below market pricing for huge upside potential. Projections suggest the building could be stabilized within 24 months providing significant gain opportunities. Four and five star office buildings in the submarket have experienced over 100K positive absorption in the last 12 months.
Property Details
- Class
- A
- Year Built
- 1986
- Stories
- 5
- Lot Size (sq. ft)
- 283,140 SF
Highlights
- Excellent condition with recent renovations and build-outs. Inviting entrance, lobby and outdoor amenity spaces.
- Sprinkled grounds, security cameras and controlled access systems. 6.5-acre corner site with 380 parking spaces and lush landscaping.
- Outdoor covered smoking area, dock-high loading and generator. Currently 42.6% occupied with gross income of $969,434.
- Current net operating income of $229,084 at current occupancy.
- Full ±22,346 SF top fifth floor available ready for your custom floor plan. Grade A like new roof
- Turnkey upscale ±22,346 SF full third floor available in move-in condition.
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