700 Westpark Drive
Office | 92,355 SqFt
Marketing description
Located in the heart of Atlanta's affluent lifestyle community of Peachtree city, 700 Westpark offers the opportunity to acquire a 92,355 sf class A office property that is 94% leased to high credit tenancy with 9.3 years of walt. The property features an elegant Lobby, modern infrastructure, and abundant surface and covered parking. The asset benefits from long-term leases with the u.S. Department of defense (DOD) and lumber products giant Interfor, providing secure cash flow and occupancy stability. Positioned Just 25 minutes from Hartsfield–Jackson Atlanta international airport and surrounded by high-end retail, dining, and lifestyle amenities, 700 Westpark pairs stability with cash-flow growth, asset quality, and a strategic location. 700 Westpark features a very secure and stable rent roll with 94% occupancy and 9.3 years of walt, anchored by the regional headquarters of the us Department of defense’s education activity division and us headquarters for Interfor, a publicly traded firm that is one of the largest lumber producers in The world. With 96% of the rental revenue coming from tenants tied to the Countercyclical sectors of government and wood products, 700 Westpark’s Income will be largely insulated from swings in the economy. A tenant since May of 2002, and re-affirming their Commitment to the building in 2022, nearly 53% of The building is leased to the u.S. General services Administration on behalf of the department of defense.,
Investment highlights
- Typical floor size: 30,536 sf
- Maj0r tenants: department of defense (DoD) Interfor
- Flood zone: zone x
- Parking spaces: 272 surface spaces, including 8 Handicapped spaces
- Ceilings: drop ceiling/tile
- Floor to finished ceiling height: 9'
- Slab to slab height: 12'
- Elevators: one 4,500 lb hydraulic passenger and one 4,500 lb hydraulic freight
- Loading dock: one loading dock in the rear of the building, equipped with a Serco mechanical dock leveler
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