| PRICE : | $18,253,420 |
|---|---|
| CAP RATE: | 7% |
| PROPERTY TYPE: | Office |
| BUILDING SIZE: | 97,969 SF |
| YEAR BUILT: | 2008 |
Highlights
- • ±44,000 SF: Transportation Security Administration - 15 year lease through 2038
- • ±29,737 SF: Customs Border Protection - 15 year lease through 2038
- • ±17,737 SF: Esquire - lease through 2031
- • Two long-term GSA leases through 2038 with specialized build-outs and uses
- • Long-term WALT - 14 Years
- • GSA tenant rents under-market for state of Georgia GSA leases
- • ±6,495 SF of vacancy that provides upside with proactive leasing
- • Ideal location for tenants like the CBP and TSA due to close proximity to Atlanta airport
- • Located in Atlanta’s premier commerce hub and immediately convenient to multiple major interstates
- • Strong government tenancy in the business park including The Federal Bureau of Prisons, the Social Security Administration, and a highly secure Department of Homeland Security facility next door to the subject property
- • 3.3 miles from Hartsfield-Jackson Atlanta International Airport with easy access to Downtown Atlanta
- • Extremely well-located business park with tremendous amenities including Camp Creek Marketplace, restaurants and hotels
Description
Opportunity to acquire a 93% leased, ±97,969 SF, office property situated on ±8.21 acres. The subject property currently has three tenants and is anchored by the Transportation Security Administration (TSA) and Customs Border Protection (CBP). The two-story building was developed in 2008 by Duke Realty and renovated in 2023 for the TSA and CBP. It is well-located in Atlanta, GA in the premier Camp Creek business park located 3.3 miles from Hartsfield-Jackson Atlanta International Airport. Camp Creek Business Park offers immediate access to the major interstates including I-285, I-20, I-85, & I-75 and to Downtown Atlanta. Over 75% of the income is guaranteed by the federal government. Both GSA tenants have specialized build-outs to support their missions.
