650 Engineering Dr - Office FOR SALE


Peachtree Corners, GA 30092
$7,800,000 USD
646-370-1883
650 Engineering Dr, Peachtree Corners, GA for Sale
$7,800,000 USD
Office - FOR SALE
1/4
null | 5.88% Cap Rate

650 Engineering Dr
Peachtree Corners, GA 30092


HIGHLIGHTS

  • GENERATIONAL Asset | Prestigious Technology Park Atlanta | Notable innovations include first PC modem, colored printer, & founding of now Cisco
  • 11 Year ABSOLUTE NNN | ZERO LL Responsibilities | ANNUAL Rent Increases
  • “Top 50” in prestigious Franchise Business Review
  • Technology Park Atlanta is the region's third-largest hub of warehouse and distribution centers
  • Mighty Auto Parts is the leader of auto parts distribution, service, & training for gas and electric vehicles | 2023 Revenue increased to $138 million
  • Latest Capital Improvement work completed in 2014, 2021, and 2022, showing Tenant commitment to current location

OVERVIEW

Trusted since 1963, Mighty Auto Parts is the leader in aftermarket original equipment of automotive parts wholesale distribution for gas and electric vehicles and business solutions exclusive to the automotive service professional. The company supports 104 franchised distributors and 15,000 automotive service facilities and car dealerships in 44 U.S. states and five international markets. Mighty Auto Parts is a leading franchisor and distributor of automotive aftermarket parts listed in prestigious Franchise Business Review’s “Top 50.” The 60 year old company has been headquartered in prestigious Technology Park Atlanta since Tech Park’s inception in 1970. Mighty moved to its current address in 1999, where its mission critical HQ and build-to-suit distribution warehouse has been based and continuously updated, most recently in 2022. LOCATION OVERVIEW Norcross, GA is an affluent and dense suburban city in Gwinnett County and included in the Atlanta-Sandy Springs-Marietta MSA. The city’s population doubled in 10 years, to 17,209 in 2020. Its 112-acre downtown is listed in the National Register of Historic Places and known for its food, art, and culture. Many families and young professionals live in Norcross. Norcross has a highly competitive geographic position for logistics and distribution with convenient access to numerous interstate highways, air transit and seaports — in addition to close proximity to the Atlanta Central Business District. The city is also 30 miles to Hartsfield-Jackson Atlanta International Airport, the country’s busiest airport and top 10 busiest in the world. Technology Park is a prestigious business park in north Metro Atlanta and remains a magnet for new and established technology companies. Multiple new housing, office, and massive countywide trail planning for e-scooter/biking to seamlessly connect Technology Park and the city is under development, currently entering Phase III. Subject property is located near trail. Please see attached OM for further information. Cosmopolitan Atlanta is a booming regional center for the prosperous American South and vital transportation crossroad for both ground and air transport. The city is an established regional and headquarters business center for large corporations such as Coca-Cola, Delta Airlines, Home Depot, UPS, Siemens, Honeywell, and Bellsouth, just to name a few.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN STNL HQ + Distribution Warehouse

PROPERTY TYPE

Office

ADD'L SUBTYPES

Distribution, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.44 AC

LAND SF

193,406 SF

ZONING

M1, County

APN/PARCEL ID

6-284-090

ASK ABOUT THIS PROPERTY

Kelly HuangKelco InvestmentsMore Info
646-370-1883

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Kelly HuangKelco InvestmentsMore Info
646-370-1883

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