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Majestic Airport Center II - Building 2

Off-Market

4955 Mason Road, Atlanta, GA 30349

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 660,674 Sqft
  • Lot Size 41.57 Acre
  • Parking Spaces Avail. 290
  • Parking Ratio 0.44/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2000

Location

  • City Atlanta, GA
  • Neighborhood Parkway Villages
  • Zip Code 30349
  • Market Atlanta

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 17 Mar, 2021
  • Purchase Price $46,400,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Atlanta

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Atlanta Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $30.67
  • 2020 Office Vacancy Rate 17.16%
  • 2020 Office Completions (Sqft) 1,727,776

Atlanta Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $209.65
  • Y-o-Y Avg. PpSF Change 1.39%
  • 2020 Office Sales Volume $508.1M
  • 2020 Number of Transactions 21
View more Atlanta market trends

Tax

  • Property Tax in 2021 $625,694
  • Market Value $56,283,600
  • Assessed Value $56,283,600

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Majestic Airport Center II - Building 2?

Majestic Airport Center II - Building 2 totals 660,674 square feet.

When was this property built?

Majestic Airport Center II - Building 2 was built in 2000.

When was Majestic Airport Center II - Building 2 last sold?

Majestic Airport Center II - Building 2 was last sold on 17 Mar, 2021.

What was the last purchase price for Majestic Airport Center II - Building 2?

Majestic Airport Center II - Building 2 was last sold for $46,400,000.

What is the property tax for Majestic Airport Center II - Building 2?

The property tax for Majestic Airport Center II - Building 2 in 2021 was $625,694.

What is the market value for Majestic Airport Center II - Building 2?

The market value for Majestic Airport Center II - Building 2 in 2021 was $56,283,600.

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