3225 Westech DrPeachtree Corners, GA 30092

Property Details for 3225 Westech Dr

Year built

2000

Lot size

12.06 AC

Property size (Sq ft)

70,068 SF

Zone code

M1-LIGHT INDUSTRY

Property type

Other commercial real estate

APN

6-284 -060

APU

6284060

Description

This exceptional 71,620 sq ft, single-tenant, absolute net lease property in Peachtree Corners, GA, offers a secure investment opportunity. Built in 2000 as a build-to-suit, this 1-story, 100% occupied facility serves as the corporate headquarters and R&D center for a tenant who has occupied the space since 2009 and recently exercised a 10-year lease renewal, expiring March 31, 2033. The lease features annual rent increases tied to the CPI, with a 2% floor and 5% ceiling, providing strong future income growth. The property boasts a 14-foot ceiling height and sits on a 12.06-acre lot zoned M-1 (Light Industrial District). Significant tenant improvements totaling $700,000 have been completed, including a roof replacement, office upgrades, and parking lot improvements. Located within the thriving Atlanta Tech Park, this property benefits from exceptionally low office vacancy rates in a prime location. The current Net Operating Income (NOI) is $939,797. The lease is an absolute NNN lease with no renewal options, allowing for advantageous mark-to-market rent adjustments at lease expiration. The tenant's parent company acts as a guarantor for the lease, providing additional security. This is a rare opportunity to acquire a high-quality, mission-critical asset in a dynamic and sought-after submarket.

• Alternative Use

  Use

  Valuation

  Residential

  $14,074,875

  Hospitality

  $12,892,510

  Educational

  $10,726,417

  Medical

  $11,095,315

  Retail

  $16,685,537

Location Insight

City

Peachtree Corners

County

Gwinnett

State

Georgia

Latitude

33.9595

Longitude

-84.2269

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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