Lender-Owned | ±81,273 SF Suburban Office Building | 95% Occupied | 9% Cap Rate

Highlights:

• $7,300,000 - $90/SF
• ±4.7 Acres
• ±81,273 Gross SF - ±69,873 Usable SF
• Average rents: $16.13/SF
• Market rents: $22.35/SF
• WALT: 3.85 Years
• Base year expense stops
• 3% annual escalations
• New roof late 2019
• New Daikin chiller 2022
• New elevators in 2025
• Digital tenant directory
• $656,723 2026 NOI Estimate
• ±3,000 SF suite for owner occupant or lease-up

Description:

Opportunity to acquire an impressive four-story suburban office building well-located in the Atlanta Airport Submarket. The Plaza is 95% occupied and all leases are new or renewed post-covid. The building is in very good condition including recent new roof, new full elevator modernization and new chiller.

The ±3,364 SF average suite sizes are easy to lease with little competing properties in the submarket. At just under $90 per square foot roughly 20% of replacement cost—this acquisition offers investors an exceptionally low basis. Combined with below-market rents, base year stops, and 3% annual escalations, the property delivers a reliable and steadily growing income stream.

The Atlanta Airport submarket benefits from unmatched connectivity via Hartsfield-Jackson, the world’s busiest passenger airport and top cargo hub. With immediate access to I-75, I-85, and I-285, it supports logistics, distribution, and corporate travel. Growth is driven by hospitality, industrial, and mixed-use projects, while investors are drawn to its stability, diverse tenants, and ongoing redevelopment.

This property is located in Morrow, GA

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