Safran Data Systems | 3005 Business Park Dr
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Safran Data Systems 3005 Business Park Dr
20,622 SF Office Building Norcross, GA 30071 $5,375,000 ($261/SF) 6.75% Cap Rate
Executive Summary
Attention 1031 investors are you looking for a hands-off investment opportunity with an institutional-grade credit tenant, well we have your opportunity right here. 3005 Business Park Drive in Norcross is a stabilized asset situated on 1.5 acres of land. The building is 20,622 sq. ft. with a new roof installed in 2021. The tenant is an international aerospace and defense organization that is publicly traded on the Paris Euronext Stock Exchange with total assets over $46,000,000,000.00 EOY 2022 and total revenue of approximately $21,000,000,000.00 EOY 2022 the strength of the tenant provides ownership with great confidence of the viability of the tenant. The current lease has multiple years left, with two renewal options.
Property Facts
Sale Type
Investment
Property Type
Building Size
20,622 SF
Building Class
B
Year Built
1999
Price
$5,375,000
Price Per SF
$261
Cap Rate
6.75%
NOI
$362,813
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,311 SF
Slab To Slab
9’
Building FAR
0.32
Lot Size
1.50 AC
Zoning
M1 - Industrial
Parking
30 Spaces (1.45 Spaces per 1,000 SF Leased)
Amenities
- Shower Facilities
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PROPERTY TAXES
| Parcel Number | 6-272-117 | Improvements Assessment | $921,960 |
| Land Assessment | $117,600 | Total Assessment | $1,039,560 |
PROPERTY TAXES
Parcel Number
6-272-117
Land Assessment
$117,600
Improvements Assessment
$921,960
Total Assessment
$1,039,560
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Safran Data Systems | 3005 Business Park Dr
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