6625 The Corners Pkwy NWNorcross, GA 30092
Metro Atlanta Bank-Owned +103,105 RSF Office Building
Overview
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.
Investment Highlights
- Excellent condition with recent renovations and buildouts
- Inviting entrance, lobby and outdoor amenity spaces
- Outdoor covered smoking area, dock high loading and generator
- 6.5-acre entire block with 380 parking spaces and lush landscaping
- Sprinkled grounds, security cameras and controlled access systems
- Currently 42.6% occupied with gross income of $969,434
- Current net operating income of $229,084 at current occupancy
- Pricing guidance at only $96.98 RSF
Photo Gallery
6625 The Corners Pkwy NWNorcross, GA 30092
Contacts
Listing provided by Revere CRE