Overview
Peachtree Ridge, located at 3500 Parkway Lane in Peachtree Corners, GA, offers excellent connectivity to I-285 and I-85 and has exceptional access off Peachtree Parkway and unique signange visability to over 45k cars per day.
Peachtree Ridge has served as the Headquarters for POND continuously for the past 20 years. POND, who occupies 101,891 SF (63% RBA) is ranked as Atlanta's #1 engineering firm. POND focuses on mission critical engineering needs for the infrastructure, energy, federal, life science, industrial and environmental sectors.
This offering presents the opportunity to own one of the best buildings in the submarket at a basis of less $100 psf and anchored by a 20 year tenant who's business is thriving.
- Low basis: offered at $100 psf
- Stable cash flow with near term upside
- Anchor tenant in 15% below market rents
Property Video Link : https://vimeo.com/1090489728/072b7fa867
Investment Highlights
- $16M pricing guidance with $16.4M in contractual lease income
- Low basis of $100 PSF for one of the nicest buildings in the submarket
- Stability with upside: stable in-place cash flow with with near term leasing upside
POND HIGHLIGHTS
- POND (63% of RBA) has headquartered out of Peachtree Ridge for the past 20+ years
- POND rent is 15% below market rent, offering downside protection and upside potential
- POND has 100% in office attendance Monday - Friday
- POND is Atlanta's #1 engineering firm
- POND specializes in mission critical infrastructure, energy, industrial projects
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