High-Quality Asset with Stable Cash Flow
STABLE & DEPENDABLE CASH FLOW ANCHORED BY TAYLOR ENGLISH LAW FIRM – 89.5% LEASED
9 DIVERSE INDUSTRIES REPRESENTED WITH A 6.1 YEAR AVERAGE REMAINING LEASE TERM
EXCELLENT LOCATION & CONVENIENT ACCESS TO I-75, I-285, SUNTRUST PARK (BRAVES MLB), THE BATTERY & NUMEROUS AMENITIES
ATLANTA’S OFFICE FUNDAMENTALS EXTREMELY STRONG
ATLANTA’S ECONOMY CONTINUES TO GROW, SOLIDIFYING IT AS THE CAPITAL OF THE SOUTHEAST
GEORGIA CONTINUES ITS RANK AS THE #1 STATE FOR CONDUCTING BUSINESS (4 YEARS RUNNING)
Colliers International, in conjunction with RealINSIGHT Marketplace, has been retained on an exclusive basis to facilitate the sale of 1600 Parkwood (the “Project” or “Property”), a 6-story 154,668 square foot class B+ building located in the Cumberland/Galleria market of Atlanta, Georgia. This 89.5% leased asset is in the northeast quadrant of I-75 and I-285 with excellent access to a deep surrounding amenity base of retail, dining, hospitality and entertainment options, including The Battery at SunTrust Park (Braves), Cumberland Mall, Cobb Energy Performing Arts Centre and numerous nature trails in the surrounding Chattahoochee National Forest.
1600 Parkwood is anchored (51% of the Project) by the law firm of Taylor English & Duma, a 150 attorney law firm that has a value-driven business model with a lean structure whose lease does not mature until September of 2026. The remaining tenancy is made up of 10 companies covering eight industries, producing a diversified and thus, dependable, cash flow. Overall, the existing rent roll provides a weighted average remaining lease term of 6.1 years. Additional building amenities include structured parking, a cafe, and a fitness workout facility.
1600 Parkwood offers the investor an opportunity to invest in a stable, high-quality asset with excellent tenancy located in one of Atlanta’s leading submarkets.
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.
1600 Parkwood Circle, Atlanta, GA 30339
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.