Description

HIGHLIGHTS:

* 100% Leased To One Tenant Thru July, 2010
* Well Below Appraised Value Of $2,800,000 (8/08)
* Located In Downtown Atlanta - Next To Atlanta Civic Center & GA Power Headquarters
* Recent $250,000 Interior Renovation/ Well Maintained
* Full Office Buildout On All 3 Floors
* 23 Off Street Parking Spaces At The Rear Of The Building

Strategically located on the north side of Downtown Atlanta, this 20,451 square foot, fully leased office building, is being offered well below the 2008 appraised value of $2,800,000. This is a REO/Bank owned offering, and is a rare opportunity for an owner/user or investor. The property is located directly off I-85/75, in the middle of well known office, commercial and residential sites, which continues to be developed. The building has recently undergone $250,000 interior renovation, and has been well maintained. While there is a single tenant now, the office is configured as a multi-tenant building.

The tenant is not willing to renegotiate / renew their lease at this time - they are looking at options, and very well may stay. The purchase cannot be based on the premise that the buyer will have them renew in order to close.

The property is located on the south side of Ralph McGill Boulevard, just west of Piedmont Avenue. Peachtree Street, known as "spine of the city" is located two blocks west of the property. Much of the popularity of the area is due to it's historic charm of nearby neighborhoods, and some of Atlanta's more popular restaurant, nightlife and retail districts in downtown. The 24-story Georgia Power Headquarters building is on Piedmont Avenue at the southwest corner of Ralph McGill Boulevard. The Atlanta Civic Center is also on the adjacent corner.