3440 Preston Ridge RdAlpharetta, GA 30005

Property Details for 3440 Preston Ridge Rd

Year built

2000

Lot size

8.84 AC

Property size (Sq ft)

148,806 SF

Zone code

CUP

Property type

Office buildings

APN

12 311009090594

APU

12311009090594

Description

Preston Ridge IV, located at 3440 Preston Ridge Rd in Alpharetta, GA 30005, is a six-story, Class A office building totaling 150,320 square feet. Built in 2000, this traditional office building currently has 28,967 square feet of vacant space available for lease, offering multiple tenancy options ranging from 2,552 to 21,454 square feet. The property boasts unparalleled views of the Atlanta skyline and the North Georgia Mountains, a highly desirable feature for tenants. Its strategic location provides convenient access to major thoroughfares, including Old Milton Parkway, North Point Parkway, and Georgia State Route 400, ensuring easy commutes for employees and clients. The building offers a generous parking ratio of 4.51 spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Situated in Fulton County, this property presents a unique opportunity for businesses seeking a prestigious and well-connected office space in Alpharetta. The building's multiple points of ingress and egress further enhance its accessibility and convenience. This exceptional property offers a combination of stunning views, convenient location, and ample parking, making it an ideal choice for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $26,114,738

  6.5%

  $24,105,912

  7%

  $22,384,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,026,098

  Geo Method

  $29,026,098

• Alternative Use

  Use

  Valuation

  Residential

  $29,891,332

  Hospitality

  $27,380,300

  Educational

  $22,780,088

  Medical

  $23,563,530

  Retail

  $35,435,692

Location Insight

City

Alpharetta

County

Fulton

State

Georgia

Latitude

34.072

Longitude

-84.2635

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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