1090 Northchase | 1090 Northchase Pky SE
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1090 Northchase 1090 Northchase Pky SE
106,065 SF 100% Leased Office Building Marietta, GA 30067 For Sale
Investment Highlights
- Strong Tenancy: 100% Occupied Providing Stable Cash Flow
- Large Corporate Appeal: Capturing The Metros Major Relocations And Expansions
- Robust Amenity Base: Proximate To $1 Billion Development, Truist Park & The Battery
- Institutional Quality Construction: Coupled With Heavily Wooded And Landscaped Setting
- Elite, Suburban Location: Submarket Has Recently Undergone An Unprecedented Urbanization
- Excellent Regional Connectivity: Immediate Access To I-75
Executive Summary
Transwestern's Southeast Investment Servies Group and Merit Realty Partners are pleased to exclusively offer for sale 1090 Northchase, a three-story, 106,065 SF quality asset located in the Cumberland/Galleria submarket of Northwest Atlanta, one of the most dynmaic and desirable locations for office users.
The Property is 100% leased providing a highly secure and stable income stream. Government tenants comprise 78% of leaseable space at the Property with an impressive remaining WALT of 10-years. Moreover, the longstanding presence of the anchor tenant, State Properties Commission, spanning 27 years, reinforces this stability, especially with their recent expansion amendment, now occupying 59% of the leasable space at the Property.
Benefiting significantly from its placement within the high-growth corridor of northwest Atlanta, the Property enjoys proximity to Truist Park, home of the MLB's Atlanta Braves, and The Battery Atlanta, the adjacent amenity rich entertainment district. This prime location provides tenants with an extensive array of amenities, attracting both decision-makers and skilled workforce talent to the area and the asset.
The Property is 100% leased providing a highly secure and stable income stream. Government tenants comprise 78% of leaseable space at the Property with an impressive remaining WALT of 10-years. Moreover, the longstanding presence of the anchor tenant, State Properties Commission, spanning 27 years, reinforces this stability, especially with their recent expansion amendment, now occupying 59% of the leasable space at the Property.
Benefiting significantly from its placement within the high-growth corridor of northwest Atlanta, the Property enjoys proximity to Truist Park, home of the MLB's Atlanta Braves, and The Battery Atlanta, the adjacent amenity rich entertainment district. This prime location provides tenants with an extensive array of amenities, attracting both decision-makers and skilled workforce talent to the area and the asset.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
106,065 SF
Building Class
B
Year Built
1988
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
35,355 SF
Slab To Slab
11’
Building FAR
0.39
Lot Size
6.19 AC
Zoning
OI - Office Institutional
Parking
406 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
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PROPERTY TAXES
| Parcel Number | 17-0797-0-032-0 | Improvements Assessment | $4,055,788 |
| Land Assessment | $709,252 | Total Assessment | $4,765,040 |
PROPERTY TAXES
Parcel Number
17-0797-0-032-0
Land Assessment
$709,252
Improvements Assessment
$4,055,788
Total Assessment
$4,765,040
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1090 Northchase | 1090 Northchase Pky SE
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