1240 Highway 138Riverdale, GA 30296

Property Details for 1240 Highway 138

Year built

2002

Lot size

1.38 AC

Property size (Sq ft)

10,020 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Strip malls

APN

13-200B- B-055

APU

13200BB055

Description

Offered for sublease is a ±15,641 square foot office space, encompassing the entire ninth floor of a Class A high-rise building. This exceptional space boasts a coveted downtown location, providing unparalleled convenience and accessibility. The building itself offers a range of amenities for tenants, including a high-quality on-site restaurant and a deli, ensuring convenient dining options. Security personnel are also present within the building, providing peace of mind. The office space features a high-end build-out, completed in 2020, and remains in pristine, like-new condition. The current configuration is ideal for a single tenant, but the space offers the potential for subdivision to accommodate varying business needs. Furniture is available, allowing for a seamless "plug and play" transition for new occupants. This sublease opportunity presents a unique chance to secure a prestigious address in a prime location with a long-term lease, extending until January 31st, 2031. The space is perfect for a company seeking a move-in ready, fully equipped office environment in the heart of the city. The building's amenities and the high-quality finish of the space combine to create an exceptional work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,873,491

  6.5%

  $1,729,377

  7%

  $1,605,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,925,343

  Geo Method

  $4,925,343

• Alternative Use

  Use

  Valuation

  Residential

  $1,458,794

  Hospitality

  $1,336,247

  Educational

  $1,111,742

  Medical

  $1,149,977

  Retail

  $1,729,377

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.5501

Longitude

-84.4306

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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