The Valley at Chamblee Tucker
100% Government Occupied Office Opportunity
CBRE’s Investment Group and RealINSIGHT Marketplace are proud proud to offer for purchase The Valley (“The Property”), a 100% occupied office building located at 3003 Chamblee-Tucker Road - a component of the expansive District at Chamblee campus in Atlanta, Georgia. Well located only ±0.3-miles from the heavily trafficked I-85 and minutes from I-285, The Valley presents investors the opportunity to purchase an institutional quality office building at an attractive basis well-below replacement costs in a dense and growing market.
Built in 1989, The Valley is comprised of one three-story building positioned on ±5.77-acre parcel boasting over 97% average annual occupancy since completion. The Property is currently ±100% occupied by the US Government’s FEMA division. FEMA has been operating from this building since 1997 with an extension through April 9, 2020 at a current annual base rent of $1,447,583. Due to FEMA’s expansion needs, they are vacating at lease expiration and moving into a neighboring building at 3005 Chamblee Tucker Road. In this relocation, FEMA is increasing its footprint from 68,000 SF to 114,000 SF with a 41% rent increase from $21.29 PSF (full service) to $30.00 PSF (full service) on a new 10-year lease.
The Valley is conveniently located across from Mercer University’s Atlanta Campus. The Property is a highly visible office building in the area and has great regional access thanks to its location off I-85 in immediate proximity to I-285. The Property also features excellent visibility and benefits from its vast 254-space parking lot for employees. Located only 20 minutes from Atlanta’s Central Business District, the Property features an attractive location for tenants who are either priced out of the CBD or for tenants who require more parking availability than the CBD can provide. Additionally, the Property benefits from its suburb accessibility and location near numerous area amenities including retail, hospitality, entertainment, and educational facilities. The Property’s surrounding area features extremely strong and compelling demographics with a population of approximately 300,000 and an average household income over $110,000 within a 5-mile radius.
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.
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.