Bank Owned Office Building | ±31,366 SF

1870 The Exchange SE Atlanta, GA 30339

1870 The Exchange SE, Atlanta, GA, 30339
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$4,600,000
Last Verified:
Jan 12, 2024

Highlights

  • Convenient to The Battery, shopping, dining, I-75 & I-285
  • Picturesque setting with pond, grill and outdoor seating
  • Updated lobby and bathrooms
  • ±5,000-7,000 SF or more available to owner occupy
  • 84% occupied by good tenants
  • Passenger elevator in lobby
  • Abundant parking of 102 spaces
  • Projected NOI $330,000
  • Priced below replacement costs ($146.65/SF)

Description

Opportunity to acquire an upscale, two-story, approximately 31,366 SF office building. 1870 The Exchange features an inviting two-story lobby and a picturesque setting on a pond. The property is currently 84% occupied with good tenants. There are contiguous top floor suites overlooking the pond that can be made available to owner occupy from 5,000 to 7,000 SF or possibly more. This bank owned property is available for $146.65/SF, well below replacement costs offering buyers great upside potential.

The Cumberland Galleria submarket is one of the best performing office markets in metro Atlanta. The property is convenient to The Battery, and Atlanta Braves Truist Park providing tenants quick access to dining, shopping, entertainment, I-75 and I-285.

Tenants include national construction company Yates with a long term lease, long term tenant Crowne Suites, long term tenant Yes Law, long term tenant Costa Rican Consulate General, NuLife a medical company, and Acme, a security company.

Atlanta, GA


Year Built: 1978
Building Size: 31366sq ft
Building Class: B
Lot Size: 3.38 acres


Documents

Offering Memorandum

Map of 1870 The Exchange SE, Atlanta, GA, 30339

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