150 Technology Pky
Peachtree Corners, GA 30092
Auction:6/5 - 6/7: 150 Technology Parkway · Office Property For Sale

Property tours are available by appointment ONLY. Please contact Paul Johnson to schedule at Paul.Johnson@marcusmillichap.com or 678-808-2700. Investment Highlights: High-quality biotech property offering stable cash flows and attractive returns 89.4% occupied by a mix of long-standing biotech tenants Smaller vacant suites available for additional value-add through lease-up at market rates Leases are gross rent with full reimbursement and little to no landlord obligation Desirable Peachtree Corners/Norcross Market with excellent accessibility to major thoroughfares. Average HH income of $95,500 within 1 mile radius has driven demand in the immediate area Dense daytime employee population of 151,000 people within 1 mile with a prime amenity base including established restaurants, hotels, retail and business services Investment Overview: 150 Technology Parkway is a one-story, 20,580 SF, multi-tenant, biotech property located at 150 Technology Parkway within Technology Office Park in the desirable NE office submarket of Atlanta, Georgia. Technology Parkway offers investors an opportunity to enjoy steady cash flows while further augmenting value through lease up of the smaller vacant suites and future renewals at market rates. The Property has an 18+ year history of biotech occupancy, with the GLA comprised of office space (8,049 SF or 39.11% of GLA) and Lab space (12,531 SF or 60.89% of GLA). 150 Technology Parkway is currently 89.44% leased by long-standing biotech tenants, Encompass Pharmaceutical Services occupying 11,715 RSF (57% of GLA) and Philadelphia College of Osteopathic Medicine (PCOM) occupying 4,350 RSF (33% of GLA). Encompass Pharmaceutical Services has been occupying the Property since 2004 and is a privately owned company headquartered in Atlanta that provides analytical outsourcing and consulting services to many of the leading pharmaceutical, biotech and life science companies in the world. Philadelphia College of Osteopathic Medicine (PCOM) is one of the oldest and largest non-profit graduate osteopathic college, medical schools in the world and 150 Technology Parkway has utilized by PCOM professors to complete lab work since 2011. The Property offers smaller vacant suites that are imm