Alpharetta | South Forsyth | 10,368 +/- SF office
EXECUTIVE SUMMARY • Building 100% leased to two separate tenants in health-care-related sectors - Autism center (expires 1/31/2025 with 4 X 1-year option to renew) - Speech therapist - currently subleased to a counseling tenant (expires 6/31/2026 with 1 X 4-year option to renew) • Approximate return of 4.81± % after the office park association fees and Forsyth Co. property tax • Contact to request rent roll • The office complex where the subject Property is situated is across the road from the newly proposed The Gathering at South Forsyth, a $2B + mixed live-work-play development project (please note that this proposal hasn’t been finalized yet – please check on the official Forsyth County government website for the latest updates) - https://www.fox5atlanta.com/news/the-gathering-at-south-forsyth-gets-greenlight - https://www.forsythco.com/News/video-get-the-latest-updates-on-the-ronald-reagan-blvd-extension-apr24 • The Property is divided into four separate units. • All units are accessible and connected through the interior common areas – creating a contiguous 10,368 SF for a single user; or each unit can be leased separately, allowing up to four separate tenants.
| Property Type | Office Bldg |
|---|---|
| Property Use | Rental or Investment |
| Year Built | 2000 |
| Listing ID | VGXT38 |
| Style | Office Bldg -General |
| Building Size | 10,368 SF |
| Lot Size | 0.11 AC |
Area Description: LOCATION HIGHLIGHTS: • Easy access from GA 400 • Across the street from the proposed 80± AC $2B + mixed-use project - The Gathering at South Forsyth - https://thegatheringatsouthforsyth.com/ • 1.2 ± miles south of Halcyon; a completed 135± AC mixed-use development project focused on live-work-play with retail, dining, lodging, social gathering areas, and residence - https://www.visithalcyon.com/ • 0.5 ± miles west of the currently “under construction” McGinnis Ferry Road exit from GA-400 • 1.6 ± miles south of Exit 12A/B MacFarland Parkway | GA 400 • 4.2 ± miles north of Avalon - Alpharetta • 5.9 ± miles south of The Collection at Forsyth • 9.3 ± miles south of Northside Hospital Forsyth
| Age: | 21-30 Years Old |
| Lot Size: | Under 1/2 Acre |