Overview
Stream Realty Partners is pleased to offer the exclusive opportunity to acquire the fee simple interest in the Mayfair Royal (the “Property”), a boutique office building located in the heart of Midtown Atlanta, the southeast’s most dynamic neighborhood. The 5-story Property built in 1991 was designed by renowned architects Smallwood, Reynolds, Stewart, and Stewart Associates. The Property resides in a mixed use condominium project also designed by SRSSA which includes theMayfair Renaissance and Mayfair Tower and thereby creating a dynamic live/work and play at nearby Piedmont Park environment.
The Mayfair Royal currently is 48% occupied with the remaining vacancy located on two contiguous floors, which allows an office/owner user to achieve immediate full building occupancy. The Property is located in the Midtown Special Public Interest District (SPI-16) Sub Area 2, which is a designated Midtown Residential use and therefore the Mayfair Royal also carries a future land use of very high-densityresidential designation. This designation allows for conversion flexibility as office/residential use to a fully redeveloped residential tower.
Investment Highlights
50% discount to replacement cost
Replacement cost for a building of this site, construction and architectural detail is $650+ per square foot.
Flexibility to occupy 1-3 floors immediately and grow into whole building
Smaller floorplates allow for a mid-sized tenant to control more of their destiny in the project
Residential Redevelopment Opportunity
Opportunity to redevelop the building into premier luxury apartments/Condos.
Colony-Square Effect and Piedmont Park
Property is located directly across the street from Colony Square and steps from Piedmont Park. Colony Square, a 1.2M SF mixed use development with 160K SF of retail, a 20K SF food hall and 40K SF of open air green space. Piedmont Park, a 200 AC public park that hosts over 6M visitors a year that enjoy its vast green space, playgrounds, tennis courts, outdoor pool and numerous annual festivals.
Midtown Atlanta is the destination for corporate relocations
Since 2020, Google, Microsoft, Invesco, American Express, Visa, Deloitte, WebMD and Adobe have committed to long-term leases and headquarters within the 4-block radius of the Property.
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