EXCEPTIONAL VALUE-ADD OFFICE OPPORTUNITY IN HIGHLY DESIRABLE ATLANTA / NORTH FULTON SUBMARKET
Transwestern’s Southeast Investment Services Group and RealINSIGHT Marketplace are pleased to present the unique opportunity to acquire Covenant I & II (or the “Properties”), two high-quality office assets located in the exclusive submarket of North Fulton in Atlanta, Georgia. Boasting some of metro Atlanta’s most favorable demographics, abundant executive housing, and growing amenity base, North Fulton has emerged as a premier Live, Work, Play market and is poised for continued expansion. This value-add investment opportunity offers immediate upside potential via the ability to lease 21,058 square feet of vacant space and a mark-to-market opportunity with in-place rents below market.
IDEAL VALUE-ADD OPPORTUNITY: The Covenant Buildings present an exceptional value-add investment offering with a mark-to-market opportunity and immediate upside through additional leasing of 21,058 SF of vacant space in Covenant II.
SUPERIOR LOCATION: The Covenant Buildings are located within the North Fulton submarket, part of the affluent Johns Creek community, which is one of the most attractive office submarkets in Atlanta - an area highlighted by first-class amenities, strong demographics and great regional connectivity.
GROWING TECHNOLOGY HUB: Atlanta’s total tech jobs have grown by 47% since 2010 — almost 20% above the national average. The lure for technology companies and their operations can be found in the infrastructure that runs throughout the North Fulton region.
STABILIZED CASH FLOW WITH ATTRACTIVE RENT ROLL: Currently 81% occupied, the Covenant Building’s three largest tenants have an average tenure of more than 8 years.
BELOW REPLACEMENT COST: Coupling recent capital improvements and an acquisition of the Properties below replacement cost will provide a new owner with an ideal investment basis and lower cost of ownership moving forward.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
11330-11340 Lakefield Drive, Duluth, GA 30097
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.