This impressive five-story, Class A office building in Norcross, Georgia, offers 103,105 rentable square feet on a 6.5-acre lot. Built in 1986 and extensively renovated in 2022, the property boasts updated lobbies, corridors, bathrooms, elevators, HVAC systems, and outdoor amenity spaces. Currently 42.6% occupied by six tenants, including Round-The-World Logistics, Visix, Inc., Conway Data, Inc., LS Cable & System USA Inc., The Reinforced Earth Company, and ALM Automotive Group LLC, generating a current net operating income of $229,084. The building features 380 parking spaces, a covered smoking area, dock-high loading, and a generator. Significant upside potential exists with approximately 122,346 square feet of move-in ready space available on the third and fifth floors. The property is situated in a thriving submarket with strong positive absorption rates, offering a compelling investment opportunity at a price per square foot of $96.98. The asking price is $10,000,000. This turnkey property presents a rare chance to acquire a well-maintained, high-quality asset with substantial growth prospects. The building's excellent condition, recent renovations, and prime location in Gwinnett County, with easy access to major transportation routes, make it an attractive investment for discerning buyers.
Highlights
Excellent condition with recent renovations.
Attractive lobby and outdoor amenity spaces.
Secure building with sprinkler system, cameras, and controlled access.
6.5-acre site with 380 parking spaces and landscaping.
Outdoor smoking area, dock-high loading, and generator.
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