112 Townpark DrKennesaw, GA 30144

Property Details for 112 Townpark Dr

Year built

1986

Lot size

4.60 AC

Property size (Sq ft)

70,286 SF

Zone code

OMR

Property type

Office properties

Property subtype

Office buildings

APN

16035800020

APU

16035800020

Description

This exceptional Class A office building, located at 112 Townpark Drive in Kennesaw, Georgia, offers 82,000 square feet of versatile space ideal for medical or traditional office uses. Built in 1986 and extensively renovated in 2019, the single, five-story building sits on a 5.72-acre lot and provides ample parking with 319 spaces – a generous 3.8 spaces per 1,000 square feet, with additional parking options available. The property boasts a multi-tenant configuration, with flexible suite sizes ranging from 17,391 to 44,127 square feet, allowing for customizable layouts across three floors. Its prime location at the Chastain Road interchange of I-575 ensures unparalleled access to I-575 and I-75, providing convenient commutes for employees and clients. The building includes a convenient conference and training room, enhancing its functionality. Furthermore, its proximity to a variety of restaurants and hotels offers added convenience. This is a gross lease property situated in Cobb County, Georgia, zip code 30144. The property is easily accessible via I-575 and I-75.

• CAP approach

  CAP return

  Valuation

  6%

  $14,865,795

  6.5%

  $13,722,273

  7%

  $12,742,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,448,885

  Geo Method

  $13,709,987

• Alternative Use

  Use

  Valuation

  Residential

  $17,015,618

  Hospitality

  $15,586,215

  Educational

  $12,967,548

  Medical

  $13,413,522

  Retail

  $20,171,740

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0401

Longitude

-84.5648

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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