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3500 Parkway Ln
Peachtree Corners, GA 30092
Peachtree Ridge · Office Property For Sale
INVESTMENT HIGHLIGHTS
- $16M pricing guidance with $16.4M in contractual lease income
- Stability with upside: stable in-place cash flow with with near term leasing upside
- Low basis of $100 PSF for one of the nicest buildings in the submarket
EXECUTIVE SUMMARY
Peachtree Ridge, located at 3500 Parkway Lane in Peachtree Corners, GA, offers excellent connectivity to I-285 and I-85 and has exceptional access off Peachtree Parkway and unique signange visability to over 45k cars per day.
Peachtree Ridge has served as the Headquarters for POND continuously for the past 20 years. POND, who occupies 101,891 SF (63% RBA) is ranked as Atlanta's #1 engineering firm. POND focuses on mission critical engineering needs for the infrastructure, energy, federal, life science, industrial and environmental sectors.
This offering presents the opportunity to own one of the best buildings in the submarket at a basis of less $100 psf and anchored by a 20 year tenant who's business is thriving.
-Low basis: offered at $100 psf
-Stable cash flow with near term upside
-Anchor tenant in 15% below market rents
Property Video Link : https://vimeo.com/1090489728/072b7fa867
Peachtree Ridge has served as the Headquarters for POND continuously for the past 20 years. POND, who occupies 101,891 SF (63% RBA) is ranked as Atlanta's #1 engineering firm. POND focuses on mission critical engineering needs for the infrastructure, energy, federal, life science, industrial and environmental sectors.
This offering presents the opportunity to own one of the best buildings in the submarket at a basis of less $100 psf and anchored by a 20 year tenant who's business is thriving.
-Low basis: offered at $100 psf
-Stable cash flow with near term upside
-Anchor tenant in 15% below market rents
Property Video Link : https://vimeo.com/1090489728/072b7fa867
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
159,962 SF
Building Class
A
Year Built
1986
Price
$22,134,239 CAD
Price Per SF
$138.37 CAD
Cap Rate
9.21%
NOI
$2,039,656 CAD
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
25,737 SF
Slab To Slab
12’
Building FAR
0.29
Lot Size
12.60 AC
Zoning
M1-LIGHT I - Light Industrial
Parking
700 Spaces (3.1 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Storage Space
PROPERTY TAXES
| Parcel Number | 6-284-026 | Improvements Assessment | $5,564,765 CAD |
| Land Assessment | $2,254,600 CAD | Total Assessment | $7,819,365 CAD |
PROPERTY TAXES
Parcel Number
6-284-026
Land Assessment
$2,254,600 CAD
Improvements Assessment
$5,564,765 CAD
Total Assessment
$7,819,365 CAD
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