1571 Phoenix Blvd - Office FOR SALE


College Park, GA 30349
$6,000,000 USD
404-812-8927
1571 Phoenix Blvd, College Park, GA for Sale
$6,000,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1571 Phoenix Blvd
College Park, GA 30349


HIGHLIGHTS

  • Covered land play of over 10 contiguous acres across from the world's busiest airport - Hartsfield Jackson International Airport
  • Currently configured with 12 single story office buildings at 32% occupancy. Easy upside with leasing efforts on the current office configuration.
  • Excellent site for an industrial or a distribution development due to access to multiple interstate highways and the cargo component to the airport.
  • Signage opportunities on I-285 with 178,000 cars passing per day.
  • Owned by the same family for multiple decades - not previously on the market for sale.
  • The site benefits for having all utilities, thus an easy conversion to another use as opposed to developing raw land.

OVERVIEW

This is an excellent opportunity to acquire over 10 acres of contiguous land, with 12 single story office buildings, nearly adjacent to the world's busiest airport. This offering can be considered a covered land pay, where an investor can focus on getting the existing office properties leased up to more than the current 32%, or a developer can purchase this property with the intent to redevelop into another use such as a distribution center or an industrial building(s). The property benefits from having direct frontage on I-285 with 178,000 cars passing per day. The location also provides easy access to both I-85 and I-75, and it is nearly adjacent to Hartfield Jackson International Airport. To keep the property as-is, there will be some capital improvements needed to several of the buildings to get them leasable. Several buildings have roof leaks above vacant spaces and then building 1591 sustained a fire so in need of repair.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covered Land Play - Airport Area

PROPERTY TYPE

Office

ADD'L SUBTYPES

Distribution, Medical, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.28 AC

LAND SF

447,797 SF

ZONING

BP (Business Park)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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