1117 Perimeter CtrSandy Springs, GA 30328

Property Details for 1117 Perimeter Ctr

Year built

1985

Lot size

12.90 AC

Property size (Sq ft)

444,160 SF

Zone code

OIC

Property type

Office properties

Property subtype

Office buildings

APN

17 0019 LL1119

APU

170019LL1119

Description

This stunning, renovated Class A office building, located in the heart of Sandy Springs/Perimeter Center, offers 392,700 square feet of premium office space. Originally constructed in 1985 and extensively renovated in 2023, this five-story, hexagon-shaped building provides multiple tenancy options ranging from 784 to 61,104 contiguous square feet. Currently, 203,300 square feet are available for lease. The property sits on 12.9 acres and boasts 1,166 parking spaces in a covered three-story deck, along with seven elevators (six passenger, one freight). Amenities include a fully equipped fitness center with showers, sauna, and locker rooms; a reservable conference center; 24/7 keycard access and on-site security; public Wi-Fi; and a newly reimagined outdoor courtyard featuring collaborative workspaces, USB charging stations, a water feature, a putting green, bocce ball/cornhole courts, and a stage area. A coffee bar and self-serve bistro are soon to be added. The building's convenient location offers effortless commuting, with proximity to I-285, GA 400, and the Sandy Springs MARTA station. Zoned OIC in Fulton County, this property represents a unique opportunity for businesses seeking a modern, amenity-rich workspace designed to foster collaboration and enhance productivity. The building's biophilic design prioritizes tenant engagement, hospitality, technology, sustainability, and wellness. On-site property management ensures seamless operations.

• CAP approach

  CAP return

  Valuation

  6%

  $115,465,560

  6.5%

  $106,583,592

  7%

  $98,970,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $89,533,560

  Geo Method

  $27,262,540

• Alternative Use

  Use

  Valuation

  Residential

  $132,163,656

  Hospitality

  $121,061,200

  Educational

  $100,721,496

  Medical

  $104,185,464

  Retail

  $156,677,888

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.9308

Longitude

-84.3522

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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