1700 Water Pl SE - Office FOR SALE


Atlanta, GA 30339
$4,500,000 USD
404-876-1640
1700 Water Pl SE, Atlanta, GA for Sale
$4,500,000 USD
Office - FOR SALE
1/44
null | Request Cap Rate

1700 Water Pl SE
Atlanta, GA 30339


HIGHLIGHTS

  • Opportunity to acquire a 3-story, lake-front office building near The Battery in metro Atlanta at $119/SF.
  • Recent improvements made to common areas, bathrooms, and parking lot to enhance leasing and tenant retention
  • Building currently 49% occupied with average rents of $17.62/SF
  • Prime location near Atlanta Braves Stadium, Truist Park, and The Battery mixed-use development
  • Strong potential for continued population and job growth in this popular Atlanta suburban market

OVERVIEW

Opportunity to acquire a well-located, 3-story, lake-front office building near The Battery in metro Atlanta at only $119/SF. Lakepointe offers investors the opportunity to acquire a property well below replacement costs in one of the best performing office sub-markets of metro Atlanta. Just completed improvements to the common areas, bathrooms, and parking lot pave the way for improved leasing and tenant retention. The building is currently 49% occupied with average rents of $17.62/SF. CoStar reports 2 star office rents in the Cumberland Galleria average $20.57/SF, with positive absorption over the last 12 months and a vacancy factor of only 4%. The popular location near the Atlanta Braves Stadium, Truist Park, and surrounding mixed use development known as The Battery is poised for continued population and job growth. The timing is excellent to ride the wave of increasing back to office trends, new supply constraints and continued growth in this popular Atlanta suburban market.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lakepointe | Office Acquisition Opportunity

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

OI Office & Institutional

APN/PARCEL ID

17-0783-0-011-0

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

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