investment or owner/user opportunity in …...investment or owner/user opportunity in fayetteville,...
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Exclusively Presented by:
VALUE-ADD IN
VESTMEN
T
Priced Below Replacement Cost
Main Street Office CenterClass A Office Property With Positive In-Place Cash Flow
Investment or Owner/User Opportunity in Fayetteville, Georgia
INVESTMENT HIGHLIGHTS
Transwestern is pleased to exclusively present the opportunity to acquire Main Street Office Center, a two-story, 27,799-square-foot Class A office building strategically located in Fayette County. This value-add investment offers the following benefits to the successful investor:
Gateway Location into Fayetteville
• Located on West Lanier Avenue (Georgia Highway 54), the main East-West thoroughfare through Fayetteville, the property offers a gateway location into the heart of the city.
• Situated between two lanes of traffic, the property is exposed to 32,000 vehicles per day.
• A prominent signage opportunity is available on the second story of the building.
Newer Construction with Excellent Curb Appeal
• Built in 2008, the property features an attractive façade, upscale common areas and landscaped grounds.
• An abundant parking ratio of 4.3 per 1,000 square feet is available, with surface parking conveniently situated on both sides of the building.
• Tenants enjoy a shared conference room of more than 800 square feet.
• This office investment is priced well below its replacement cost.
Value-Add Investment with Positive Cash Flow
• Currently 52% occupied, the property provides a positive net cash flow from the existing tenants.
• Main Street Office Center is anchored by Regions Bank (5,400 square feet) and Prudential Georgia Realty (4,300 square feet).
• The second floor 14,725-square-foot floor plate allows for smaller divisions of the vacant space.
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OFFERING OVERVIEW
PROPERTY SPECIFICATIONS
Address 320 West Lanier Avenue
Jurisdiction Fayette County, State of Georgia
Tax Parcel Number 05 23 00 097
Zoning OI (Office-Institutional)
Site Size 2.74 acres
Parking +/- 123 surface spaces (ratio of 4.42 per 1,000 SF), including six handicapped spaces
Property Type Class A Office
Year Built 2008
Building Size 27,799 rentable square feet
Stories 2 stories
Occupancy 52%
Average Floor Plate
Average of 13,900 square feet• 1st floor: 13,074 square feet• 2nd floor: 14,725 square feet
Construction • Foundation: Concrete slab• Frame/Exterior Wall: Concrete block and brick front• Roof: Metal truss system / flat built up• Doors/Windows: Metal with safety glass and metal doors• Entrances: Two main entrances to the building are located on
the east and west sides of the building. These entrances are at grade and lead to the main lobby.
Interior Build Out • Wall Finish/Partitions: Painted drywall in office areas• Interior Ceilings: 2’ x 2’ panels• Lobby: Carpet and tile• Restrooms: Two per floor; multi-fixture restrooms
Building Systems • HVAC: Central heat and air conditioning• Lighting: Standard fluorescent lighting in office areas• Electrical: Standard electrical service• Life Safety: The property is sprinklered
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S TO N E WA L L AV E N U E
WEST LANIER AVE N U E
JIM
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MAY
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LEVA
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WEST MAIN STREET
OFFICE CENTER
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STONEWALL AVENUE
AVERAGE DAILY TRAFFIC COUNT:
32,000
3340 Peachtree Road, NE, Suite 1000 Atlanta, GA 30326
t: 404.842.6600 | f: 404.842.6601www.transwestern.net/atlanta
For more information about Main Street Office Center please contact:
Kevin Markwordt, CCIM Managing Director
We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guar-antee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
MARKET AREA STRENGTHS
Main Street Office Center is located at 320 West Lanier Avenue in the heart of Fayetteville, Georgia. The 27,799-square-foot office property is conveniently situated halfway between Interstates 75 and 85 on the south side of metro Atlanta in Fayette County. The county has witnessed more than 16% growth in the past decade, increasing in population to more than 106,000 residents. With a community of more than 16,000 people, Fayetteville is considered one of the most desirable places to live in the Atlanta region. The city’s competitive schools, ample recreational options, and a low cost of living all contribute to its continued growth.
Fayetteville has emerged as a major business hub for south Atlanta, receiving national recognition on Business Insider’s list of “Top 20 Locations for Budding Technology Economies”. The region also serves as a major healthcare hub thanks to Piedmont Fayette Hospital, which employs nearly 1,400 doctors, nurses, specialists and professional staff.
Located 22 miles south of Downtown Atlanta and 15 miles from the world’s busiest airport, Fayetteville offers a solid foundation for business owners to establish roots, grow, and succeed. The county continues to attract businesses ranging from international companies to corporate headquarters to local start-ups, attracted by the region’s well-educated workforce, easy access to major markets and transportation hubs, and pro-business environment.
Val DespardAssociate Broker
320 West Lanier Ave
DOWNTOWN FAYETTEVILLE
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