This Office Property is Off-Market.

1424 North Brown Road
Lawrenceville, GA 30043 ·

20,400 SF · Office For Sale

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1424 North Brown Road

Price N/A Property Use Type Investment
Building Size 20,400 SF Year Built 2005
Property Type Office Lot Size 2.41 AC
Property Sub-type
Office Building
More...
  • Office-Business Park
Listing ID: 15704000 Date Created: 05/08/2008 Last Updated: 07/09/2008

Description

This property consists of a 20,400 square foot multi-tenant Class A single story office building on 2.41 acres. This institutional quality building was built in 2005 and is extremely well appointed. It is brick construction with lots of full height windows. The interior build-out is a very high quality. The building is fully sprinkled. It is located approximately twenty (20) miles northeast of downtown Atlanta, in Lawrenceville, Georgia. The building is just 1/3 of a mile east of a major north/south highway, I-85. The property has four (4) long term tenants in place. Each tenant has a lease that goes through at least mid-2015. Two of the existing leases go through mid-2017. All leases are triple net and contain a 15% rent escalation in 2010. The building has very good surface parking with a parking ratio equal to approximately 5 spaces per 1,000 square feet of building. The property has very good assumable financing in place.

The subject property is located in metro Atlanta approximately 20 miles northeast of downtown Atlanta in Lawrenceville, Georgia. (Gwinnett County). Gwinnett County has been and still is one of the fastest growing counties in the country. The property offers easy highway access to I-85, I-985 and Georgia Highway 316. The property is located across the street from a Publix anchored shopping center. Three major shopping malls anchor the Gwinnett area including the Mall of Georgia. Major employers in the area include Scientific Atlanta, Primerica Financial Services, The Home Depot, and Wal-Mart.

Highlights

  • Metro Atlanta Class "A" Office Investment
  • 20,400 SF on 2.41 acres - 100% Leased
  • 15% rental escalations on all leases in 2010
  • Easy Access to I-85, I-985, and Georgia 316
  • Favorable financing in place (5.58% - 30 yr amort)

Research

1424 North Brown Road, Lawrenceville, GA 30043 (Gwinnett County)

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