Creative Office Opportunity on Future BeltLine Trail

644 Antone Street, Atlanta, GA

$4,850,000

Price

23,000 sqft

Building Size

1.45 acres

Lot Area

Overview
Building Size
23,000 sqft
Lot Area
1.45 acres
Class
B
Description

The ±23,000 SF loft/creative office building is currently 100% occupied with 7,300 SF coming available for occupancy in October 2019. Current Net Operating Income is approximately $291,000. Ideal owner/occupant opportunity or investment to buy and hold for future redevelopment. This ±1.45-acre site is situated directly on the future Northside Atlanta BeltLine Trail.

Several tenants have below market rents allowing for future value-add potential as leases come due for renewal.

Located in Atlanta, GA

Highlights
  • ±1.45 acres directly on future Northside Atlanta BeltLine Trail
  • ±23,000 SF creative loft/office space
  • Ideal owner/user or investment opportunity
  • Below-market rents = value-add upside as leases turnover
  • Up to 7,300 SF available Oct 1 for owner/user
  • Easy access to Midtown, Downtown, Buckhead, I-75 & I-85
  • Estimated 6% cap rate on current NOI
  • Option to purchase adjacent BeltLine frontage at additional cost
Documents

Location
Gallery