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Bank-Owned Impressive ±103,105 RSF Office 6625 The Corners Pky

103,105 SF 43% Leased 4-Star Office Building Peachtree Corners, GA 30092 $10,000,000 ($97/SF)

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Investment Highlights

Excellent condition with recent renovations and build-outs. Inviting entrance, lobby and outdoor amenity spaces.
Outdoor covered smoking area, dock-high loading and generator. Currently 42.6% occupied with gross income of $969,434.
Full ±22,346 SF top fifth floor available ready for your custom floor plan. Grade A like new roof

Sprinkled grounds, security cameras and controlled access systems. 6.5-acre corner site with 380 parking spaces and lush landscaping.
Current net operating income of $229,084 at current occupancy.
Turnkey upscale ±22,346 SF full third floor available in move-in condition.

Executive Summary

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.

Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

103,105 SF

Building Class

LoopNet Rating

4 Star

Year Built

1986

Price

$10,000,000

Price Per SF

$97

Percent Leased

43%

Tenancy

Multiple

Building Height

5 Stories

Typical Floor Size

20,621 SF

Building FAR

0.36

Land Acres

6.50 AC

Parking

380 Spaces (3.69 Spaces per 1,000 SF Leased)

Amenities

Natural Light

MAJOR TENANTS

ALM Automotive Group LLC
Services
9,444 SF
$20.50
-

Conway Data, Inc.
Management of Companies and Enterprises
10,448 SF
$22.40
-

LS Cable & System USA Inc.
Utilities
7,127 SF
$22.61
-

Round-The-World Logistics
Transportation and Warehousing
1,653 SF
$22.15
-

The Reinforced Earth Company
Construction
5,775 SF
$22.15
-

Visix, Inc.
Administrative and Support Services
9,460 SF
$22.66
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease End
ALM Automotive Group LLC	Services	9,444 SF	$20.50	-
Conway Data, Inc.	Management of Companies and Enterprises	10,448 SF	$22.40	-
LS Cable & System USA Inc.	Utilities	7,127 SF	$22.61	-
Round-The-World Logistics	Transportation and Warehousing	1,653 SF	$22.15	-
The Reinforced Earth Company	Construction	5,775 SF	$22.15	-
Visix, Inc.	Administrative and Support Services	9,460 SF	$22.66	-