100 Crescent Center Pkwy - Office FOR SALE


Tucker, GA 30084
$16,000,000 USD
844-435-5519
100 Crescent Center Pkwy, Tucker, GA for Sale
$16,000,000 USD
Office - FOR SALE
1/24
null | 7.32% Cap Rate

100 Crescent Center Pkwy
Tucker, GA 30084


HIGHLIGHTS

  • Covered parking deck includes a pedestrian tunnel to office for safe and convenient access.
  • Corporate campus encompasses a picturesque outdoor setting with a lake and pathway.
  • Amenities include on-site professional property management with 24/7 front desk security and a concierge.
  • Desirable location with close proximity to Northlake Mall and a variety of restaurants and hotels.

OVERVIEW

Crescent Center is a high yield, low basis property at 57% occupancy. The offer is less than 15% replacement cost with recent renovations including a new cooling tower, roof under warranty, modernized elevators, 8 of the 12 floor's common areas updated to building standard, and recently updated lobby, conference center, and tunnel. This is the nicest office asset in the submarket with shrinking office competition in a highly amenitized submarket. There are signage opportunities to over 200,000 vehicles per day on I-285. It is the most prominent building in an emerging "urban suburban" submarket with superior access and visibility than all competing properties in the area. Inside an amenity rich park like environment with lake views.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Crescent Centre

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

12

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

849

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

OI

APN/PARCEL ID

18-189-02-094

ASK ABOUT THIS PROPERTY

Collin BeVierNewmarkMore Info
844-435-5519

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Collin BeVierNewmarkMore Info
844-435-5519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.