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3587 Parkway LnPeachtree Corners, GA 30092
Parkway Lane
Asset ClassIndustrial, Office
Square Feet: 43,942Year Built: 1984Year Renovated: 2016Access Data Room
Creative Office | Flex/Industrial Located in North Atlanta’s Most Active Technology Corridor
overview of deal

Overview

3587 Parkway Lane offers investors the opportunity to acquire a high-quality flex industrial building with 6 dock high doors, 100% sprinklered, new roof, in-place cash flow and no deferred maintenance!  The asset is located in Atlanta’s most active technology corridor with close proximity to Intuitive Surgical’s new massive 700,000+ sf life science and technology HQ development.  40% of 3587 Parkway Lane is under an 8-year lease with a government tenant and the remaining 60% has 1-year of lease term but can be recaptured when a new tenant is located creating both secure cash-flow and flexibility.  Single story office and flex buildings continue to outperform the market as they are in high demand by tenants and investors in this post-covid office and industrial world.

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Investment Highlights

Current Occupancy - 100%

Near Term Occupancy - 40%

  • Highly Desirable Flex/Creative Office Product
  • In-place Cash Flow
  • Dock Door loading
  • New roof under 20yr NDL Warranty
  • Updated HVAC equipment
  • Over $1mm invested by tenant into interior
  • Vibrant Business Park (Siemens, RayBiotech, Pond)
  • Most active technology corridor in North Atlanta
  • Proximity to major retail node
  • 40% of building under NEW 8-year government lease
  • Over 6.8 per 1000 parking ratio
  • 60% available for leasing

INVESTMENT SUMMARY

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Address
3587 Parkway Lane
City, State
Peachtree Corners, GA
County
Gwinnett
Product Type
Flex Industrial
No. Of Buildings
1
Loading Doors
6 Dock High
Ceiling Heights
8'-9" Ceiling Grid; 12'0" Joist, 13'-11" Deck
Year Built / Renovated
1984 / 2016
Acreage
5.355 acres
Rentable Square Feet
43,942 RSF
No. Of Tenants
1
Occupancy
100%
Parking Ratio
302 spaces (6.8/1000)
Zoning
M-1 (Light Industrial)
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3587 Parkway LnPeachtree Corners, GA 30092
Intuitive Surgical underway on its massive 700,000+ SF medical robotic campus
The Forum with its recently announced major expansion
Alliance Residential and Lennar’s new Broadstone project
ASHRAE net-zero retrofit designed HQ
Siemens electric vehicle HQ
Robust office market with companies such as Mass Mutual, Honeywell, CarMax (call center), Soliant, Plaid Enterprises, Valmet, Pond, Brightree and others.
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Listing provided by Revere CRE