Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate

For Sale$15,500,000

1544 Old Alabama Road, Roswell, GA 30076

  • Office
  • General Office

Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate, Roswell, GA 30076 - Office Space

Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate is located at 1544 Old Alabama Road in the Belcourt neighborhood, GA, Roswell, 30076. The Class B Office building was completed in 1999 and features a total of 70,000 Sqft.

There are 5 office spaces for lease in the Belcourt neighborhood, totaling 100,322 Sqft of available office space. The office space availability for the 30076 zip code is 576,723 Sqft, in 90 office spaces. The average asking office rent per sq. ft. in Belcourt is $22/sqft/year. For Class B office buildings the average office rate is $22/sqft/year.

In Belcourt, there are 3 class B office buildings. In Belcourt, there are a total of 1 LEED certified office buildings. In 1999, the same year Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate was built, 15 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Roswell, featuring 970,933 square feet of commercial space. At zip code level, there are 65 commercial properties, of which 28 are office buildings over 50,000 square feet.

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Details

  • Price $15,500,000
  • City Roswell
  • Neighborhood Belcourt
  • Zip Code 30076
  • Market Atlanta
  • Property Type Office - General Office
  • Property Size 70,000 Sqft
  • Lot Size 6.28 Acre
  • Parking Spaces Avail. 225
  • Parking Ratio 3.20/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1999
  • Date Updated 24 Feb, 2021

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

North Fulton/Forsyth is home to some of the most highly-educated suburbs in Atlanta. The majority of adults in this area and the area to the immediate south hold at least a bachelor’s degree, giving office tenants an abundance of qualified workers to draw from. The area’s highly-rated schools, abundant retail, and access to office jobs north of Atlanta make it highly desirable for office-users and individuals alike. Many of North Fulton/Forsyth’s largest tenants own sizable buildings, such as Equifax, UPS, and Verizon, or entire campuses, such as paper-goods manufacturer Kimberly-Clark, which is adjacent to the Property.

Highlights

  • Law firm McCalla Raymer Leibert Pierce (MRLP) has been in place since building’s construction in 1999
  • With 15 locations stretching from Las Vegas to New York, MRLP has utilized 1544 Old Alabama Road as its headquarters since it was constructed.
  • The asset is a single-tenant building comprised of ± 23,333 SF floorplates with a mix of private offices, open work spaces and conference rooms.
  • The Property benefits from its access to major thoroughfares including Holcomb Bridge Road and Georgia State Route 400.
  • Surrounded by high-quality shopping, dining and hotels within the immediate area.
  • Situated immediately in front of Kimberly Clark corporate offices.
  • Two points of access and amble parking.
  • The Roswell Greenway and Big Creek Park are less than 0.3 miles from the Property.
  • 1544 Old Alabama Road is strategically located in a high-growth, affluent and well-educated area.
  • Average household income within a 3-mile radius is $118,091 and 5-mile is $140,028

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate?

Rental asking rate at Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate is Offered Unpriced per square foot.

What is the total square footage of Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate?

Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate totals 70,000 square feet.

When was this property built?

Single Tenant Office Investment | Atlanta MSA | 7.8% Cap Rate was built in 1999.

Belcourt Demographics

The average household income in zip code 30076 is $112,764, from a total of 16,815 households. In terms of employment, there are 83.13 % white-collar and 16.87 % blue-collar jobs in zip code 30076.

Population

  • Total Population46,742
  • Male Population(49.4 %) 23,096
  • Female Population(50.6 %) 23,646
  • Median Age36.70

Income/Financial

  • Average Household Income$112,764
  • Median Household Income$84,846
  • Median Income Under 25$62,935
  • Median Income 25-44$76,723
  • Median Income 45-64$98,609
  • Median Income Over 65$71,792

Commercial Broker Register now to add listings

Michael Wess

Bull Realty

(404) 876-1640

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