2015 Vaughn RdKennesaw, GA 30144

Property Details for 2015 Vaughn Rd

Year built

2001

Lot size

4.93 AC

Property size (Sq ft)

46,232 SF

Zone code

LI

Property type

Office properties

Property subtype

Office buildings

APN

20017300550

APU

20017300550

Description

This exceptional 28-acre industrial property in Kennesaw, Georgia, presents a unique investment opportunity. The Park at Barrett comprises four existing one-story flex office buildings totaling 187,373 square feet, currently at 77.82% occupancy. Approximately 41,563 square feet of vacant space is available across the four buildings (100, 300, 400, and 500). The property also includes 5.93 acres of pad-ready land, complete with existing parking, stormwater, and utility infrastructure. Zoned for Light Industrial, allowing for office or flex uses, this versatile property offers significant potential for expansion and development. Located within the Town Center Community Improvement District (CID), it benefits from a thriving community with over 24,000 employees and 11,000 residents. Its strategic location offers excellent connectivity to Interstates 75, 575, and is approximately 10 miles from I-285, providing easy access to major transportation routes. The asking price is $32,500,000, and both land and buildings are available for separate purchase. Pad-ready concepts are available for a 36,000 square foot office building or a 24,000 square foot flex building. This property is ideally situated adjacent to Cobb County International Airport, making it an attractive location for businesses seeking convenient access to air travel. The property is classified as Class B and the lease type is NNN with multi-tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $9,778,270

  6.5%

  $9,026,095

  7%

  $8,381,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,530,730

  Geo Method

  $9,018,014

• Alternative Use

  Use

  Valuation

  Residential

  $11,192,358

  Hospitality

  $10,252,140

  Educational

  $8,529,660

  Medical

  $8,823,008

  Retail

  $13,268,360

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0105

Longitude

-84.5866

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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