Overview
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire Great Oaks Center (the “Property”), a three-building, single-story flex-office campus strategically located adjacent to Avalon in the heart of North Fulton — one of metro Atlanta’s strongest suburban office submarkets. Positioned with immediate access to GA-400 and minutes from Downtown Alpharetta, the Property is uniquely positioned to benefit from the continued outperformance of single-story office product in the post-pandemic environment.
Currently 49% leased across 157,902 square feet, Great Oaks Center offers investors a compelling value-add opportunity supported by durable in-place cash flow from a diverse roster of credit tenants, including Toyota, Lennar, and Ansell Healthcare. The Property features limited near-term lease rollover, a 5.6-year WALT, and significant upside through lease-up and mark-to-market potential in a submarket characterized by strong rent growth, limited new supply, and sustained tenant demand for high-quality single-story product.
Investment Highlights
- Ideal Value-Add Profile – 49% leased with 5.6 years of WALT. Ability to triple NOI upon stabilization. No meaningful rollover for 5+ years. Ability to convert spaces to flex by installing grade-level doors.
- Single-Story Office Outperforms – Post-pandemic demand for single-story office assets has outperformed multi-story, with rents having grown by 41%+ over the past decade and vacancy rates sitting 11% below the multi-story market.
- Closest Single-Story Project to Avalon – Five minutes to Avalon and Downtown Alpharetta, with convenient access to GA-400 and adjacent to the new Kimball Bridge walking path and Alpha Loop trail network.
- Diverse, Committed and Creditworthy Tenancy – Five tenants split across five industries, including A+ rated Toyota, BB+ rated Ansell, and BBB rated Lennar.
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