Listed by Ackerman & Co
$4,250,000
Cumberland Galleria Area Office Portfolio
Details
APN 17073400220
Property Type Office
Sub Type Executive Office
Price per SqFt $130
Year Built 1984
Year Renovated 2024
Acreage 0.927 - 1.42
Parking Spaces 121 spaces
Office
Marketing description
Ackerman & Co. and its subsidiaries and related entities (collectively, “Affiliates”) provide a range of commercial real estate services, including brokerage, property and facilities management, valuation, development, and related advisory services. From time to time, Ackerman & Co. or its Affiliates may represent clients whose interests compete with one another in the same transaction. In certain instances, an Affiliate or its client may have or express an interest in the property described in this Memorandum (the “Property”) and may ultimately acquire the Property.
By accepting this Memorandum, you acknowledge and agree that neither Ackerman & Co. nor any Affiliate is required to disclose such interests or involvement in the sale or purchase of the Property. Ackerman & Co. and its Affiliates will at all times act in the best interests of their respective clients, independently and at arm’s length, and in compliance with applicable law and all fiduciary duties owed.
This Memorandum is provided to you on a confidential basis solely to assist you in evaluating a potential acquisition of the Property. By accepting this Memorandum, you agree that you will: (i) keep its contents strictly confidential; (ii) not disclose it or any portion thereof to any third party without the prior written consent of the owner of the Property (“Owner”) or Ackerman & Co.; and (iii) not use this Memorandum or its contents in any manner detrimental to the Owner or Ackerman & Co. If you determine that you have no further interest in the Property, you agree to promptly return this Memorandum to Ackerman & Co. or permanently destroy all copies.
This Memorandum contains selected information regarding the Property and the Owner and does not purport to be complete or to include all information a prospective purchaser may require. Information contained herein has been obtained from sources believed to be reliable; however, no representation or warranty, express or implied, is made as to the accuracy or completeness of such information. All information is provided “as is.”
Certain information contained herein includes estimates, projections, or forward-looking statements based on assumptions regarding market conditions, the economy, competition, and other factors that are inherently uncertain and may not reflect actual or future performance. All references to square footage, acreage, and other measurements are approximate. Summaries of leases and other documents are provided for convenience only and may not fully or accurately describe the underlying agreements.
Prospective purchasers are encouraged to conduct their own independent investigation of the Property, verify all information, and consult with their own legal, financial, and tax advisors. Any reliance on the information contained in this Memorandum is solely at your own risk.
The Owner reserves the right, in its sole discretion, to reject any or all expressions of interest or offers, to modify procedures, or to terminate discussions at any time without notice. No offer, counteroffer, or negotiation shall be deemed binding on the Owner or Ackerman & Co. unless and until a definitive purchase and sale agreement has been fully executed and delivered by the Owner.
Investment highlights
Cumberland / Galleria Submarket
- 1800 & 1850 Lake Park Drive Represents a Compelling Opportunity for Both Owner-occupiers and Investors in One of Metro Atlanta’s Most Sought-after Office Submarkets. This Two-building Office Portfolio Offers a Rare Combination of Immediate Occupancy and in-place Income.
Portfolio Overview
- 1800 Lake Park Drive | ±22,656 Sf Delivered Vacant and Move-in Ready, Ideal for an Owner-user Seeking a Corporate Headquarters or Primary Office Location.
- 1850 Lake Park Drive | ±12,032 Sf Multi-tenant Building Providing a Stable Income Stream That Can Offset Debt Service and Materially Reduce Overall Occupancy Costs.
Exceptional Location & Connectivity
- Strategically Located in Smyrna Just Off Windy Hill Road, the Property Offers Immediate Access to:
- Cumberland Galleria and the Battery Atlanta, Featuring Premier Dining, Retail, and Entertainment.
- Interstate Access via I-285 and I-75, Enabling Efficient Connectivity Throughout Metro Atlanta.
- Top-tier Medical Facilities, Higher-education Institutions, and Highly Regarded Public Schools.
- Public Transportation Options and Proximity to Affordable Workforce Housing.
Functional & User-friendly Design
- Ample Surface Parking With a 4.0/1,000 Rsf Ratio, Offering Convenient Drive-up Access.
- Ideal Balance of Owner-user Flexibility and Investment Stability Within a Single Offering.
- This Portfolio Presents a Rare Opportunity to Secure a Strategic Office Presence in the Heart of the Cumberland/galleria District While Benefiting From Immediate, Supplemental Rental Income.
Listing Contacts
Listed by Ackerman & Co
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