STREAM Capital Partners > Properties > All Properties > Corporate HQ / R&D Facility

Corporate HQ / R&D Facility

Net Lease

3225 Westech Dr, Norcross, Georgia
Ownership Type:
Fee Simple
Current Rent:
$939,797
Tenancy:
Single Tenant
Lease Type:
See OM
Lease Expiration Date::
Approx. 7 years
Building Sq. Ft.:
71,620 SF
Site Size:
12.06 Acres

Investment Highlights

  • Lease Structure: An Absolute Net lease with annual increases (CPI 2% floor 5% ceiling) that does not have any renewal options remaining for the tenant. The landlord will be able to take advantage of mark-to-market rent at the end of the term.
  • Tenant: The tenant has occupied the existing facility since 2009 and just exercised a 10-year renewal.
  • Mission-Critical Property: The building is in good condition and $700,000 of Tenant Improvements have been allocated for a roof replacement and other leasehold improvements (office upgrades and parking lot improvements) as part of the recently executed lease extension.
  • Location and Mark-to-Market Rent: Situated in Peachtree Corners in the Atlanta Tech Park, which is the centerpiece of Atlanta’s thriving tech and R&D market.
  • Low Office Vacancy Submarket: With one of the lowest office vacancies of any office submarket, Peachtree Corners continues to be one of the most attractive submarkets for businesses.
Ownership Type:
Fee Simple
Current Rent:
$939,797
Lease Type:
See OM
Lease Expiration Date::
Approx. 7 years
Building Sq. Ft.:
71,620 SF
Site Size:
12.06 Acres

Listing Agents

Jonathan Wolfe

Managing Principal
312.310.2798[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Analyst

Blake Micholas

Analyst
301 412 4555[email protected]

Broker of Record: Dean Copans, GA Lic: 430314

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