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Commerce Ave NWDuluth, GA 30096
Satellite Place @ Commerce Ave
Asset ClassIndustrial, Office
Square Feet289,921
289,921 SF | Flex/R&D/Office 3.92% Assumable Debt
overview of deal

Overview

Newmark, as the exclusive representative, is pleased to present the opportunity to acquire the Satellite Place Portfolio, a 289,921 SF collection of four Flex/R&D/Office buildings (the “Property”), ideally positioned in Duluth, GA.

 

The Property represents the ideal value proposition for tenants desiring hard to find HQ space with a Flex/R&D/, light assembly/distribution component, all in one space.

 

This Satellite Place Portfolio provides investors with a predictable income stream supported by high credit tenants in mission critical spaces at below market rents, providing downside protection and upside potential with above market returns.

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Investment Highlights

  • Highly functional R&D/Flex/Office buildings
  • 3.92% assumable debt
  • Average historical occupancy of 6+ years for in-place tenants
  • Below market in-place rents - Mark to Market upside
  • Portfolio Composition - 81% Flex with 21’ CH, 19% single story office w/ 15’ CH

 

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Commerce Ave NWDuluth, GA 30096
Gwinnett Place Mall - Future Redevelopment

Investment Advisors

Leasing - Mike BerensManaging Director770 361 7904mberens@naibg.com
Andrew PorteousSenior Managing Director512 172 2939andrew.porteous@nmrk.com
Chris McColpinSenior Managing Director214 597 5210chris.mccolpin@nmrk.com

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Listing provided by Revere CRE