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Stabilized Lakeside Campus w/ Strong NOI 4 Office Properties Online Auction Sale Atlanta, GA
Matterport 3D Tours
Investment Highlights
- Stabilized office park investment in Atlanta’s Cumberland/Galleria Submarket, 99% occupied with a diverse tenant mix and dependable rental income.
- Strategically placed within 2 miles of The Battery, Truist Park, Cumberland Mall, Dobbins Air Reserve Base, and Wellstar Windy Hill Hospital.
- Within a high-demand commercial hub with major presences from Truist, Graphic Packaging, TK Elevator, Papa John’s, The Home Depot, and Comcast.
- Well-connected location with easy access to Interstate 75 and US Route 41, with convenient connections for the Perimeter Loop.
- Performing office submarket with 14.8% rent growth in the past five years, positive year-over-year absorption, & over $352M in 12-month sales volume.
- Enhanced stability from many long-standing tenants, with recent multi-year lease commitments delivering a dependable long-term revenue stream.
Executive Summary
Lakeside Complex, located at 1800-1830 Water Place SE, offers an income-producing office park investment in Atlanta’s vibrant Cumberland/Galleria Submarket. Currently 99% occupied by 42 tenants across healthcare, education, and professional service fields, the stabilized asset delivers a robust NOI and excellent long-term appreciation potential.
Spanning 106,244 square feet across four buildings, this thriving corporate center provides an idyllic park-like work environment placed right on the lake. Tenants are attracted to the complex’s top-tier amenities, including high-speed fiber Wi-Fi, a complete suite of IT Services, and an on-site GoLounge amenity center offering a micro-market, a stylish lounge, and coworking suites. With many long-standing tenants and several recent multi-year lease commitments, a new owner of Lakeside Complex will enjoy a dependable, low-maintenance revenue stream.
Lakeside Complex benefits from effortless regional accessibility, situated just off both Interstate 75 and US Route 41, with convenient connections to the Perimeter Loop. The surrounding area has emerged as one of Atlanta’s most sought-after office submarkets, sitting within 2 miles of major destinations such as The Battery, Truist Park, the Cumberland Mall, Wellstar Windy Hill Hospital, and Dobbins Air Reserve Base. Tenants also love the complex’s proximity to premium retail, recreation, and hospitality amenities, including national brands like Walmart Supercenter, FedEx, Dunkin’, Subway, and more.
The Cumberland/Galleria Submarket offers a compelling destination for new office investment, with positive absorption in the past 12 months and no competing inventory currently under construction. The area is home to major headquarters or corporate presences for Truist, Graphic Packaging, TK Elevator, Papa John’s, The Home Depot, Comcast, and more. Rents in the submarket have increased by 14.8% over the past five years, outpacing the Greater Atlanta Metro and exemplifying the growth potential of this thriving commercial hub.
Visit the Data Room and reach out to the Flex Parks USA team today to learn more about this incredible offer.
Property tours are by appointment only. Please contact the listing broker to schedule.
Spanning 106,244 square feet across four buildings, this thriving corporate center provides an idyllic park-like work environment placed right on the lake. Tenants are attracted to the complex’s top-tier amenities, including high-speed fiber Wi-Fi, a complete suite of IT Services, and an on-site GoLounge amenity center offering a micro-market, a stylish lounge, and coworking suites. With many long-standing tenants and several recent multi-year lease commitments, a new owner of Lakeside Complex will enjoy a dependable, low-maintenance revenue stream.
Lakeside Complex benefits from effortless regional accessibility, situated just off both Interstate 75 and US Route 41, with convenient connections to the Perimeter Loop. The surrounding area has emerged as one of Atlanta’s most sought-after office submarkets, sitting within 2 miles of major destinations such as The Battery, Truist Park, the Cumberland Mall, Wellstar Windy Hill Hospital, and Dobbins Air Reserve Base. Tenants also love the complex’s proximity to premium retail, recreation, and hospitality amenities, including national brands like Walmart Supercenter, FedEx, Dunkin’, Subway, and more.
The Cumberland/Galleria Submarket offers a compelling destination for new office investment, with positive absorption in the past 12 months and no competing inventory currently under construction. The area is home to major headquarters or corporate presences for Truist, Graphic Packaging, TK Elevator, Papa John’s, The Home Depot, Comcast, and more. Rents in the submarket have increased by 14.8% over the past five years, outpacing the Greater Atlanta Metro and exemplifying the growth potential of this thriving commercial hub.
Visit the Data Room and reach out to the Flex Parks USA team today to learn more about this incredible offer.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 4 |
| Type of Ownership | Fee Simple | Total Building Size | 106,244 SF |
| Sale Type | Investment | Total Land Area | 13.12 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Total Building Size | 106,244 SF |
| Total Land Area | 13.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Lakeside Complex - 1800 LP
1800 Water Pl SE, Atlanta, GA 30339 |
Office | 29,506 SF | 1980 |
|
Lakeside Complex - 1830 LP
1830 Water Pl SE, Atlanta, GA 30339 |
Office | 27,500 SF | 1980 |
|
Lakeside Complex - 1820 LP
1820 Water Pl SE, Atlanta, GA 30339 |
Office | 26,300 SF | 1980 |
|
Lakeside Complex - 1810 LP
1810 Water Pl SE, Atlanta, GA 30339 |
Office | 22,938 SF | 1980 |
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Sale Advisor
Sale Advisor
Cody Payne
Cody Payne is Senior Vice President at Colliers International in Fort Worth, Texas and specializes in selling Office and Industrial investment properties in the Dallas/Fort Worth market. Over the past 18 years, Cody and his team have closed more than 850 commercial real estate transactions. Combined with Colliers International Platform and Cody’s extensive knowledge and expertise of leasing, management, market conditions and business, The Payne Office & Industrial Team provides their clients and investors the opportunity to maximize value while creating a competitive advantage that yields the best results. Prior to joining Colliers International, Cody worked at Marcus & Millichap and Sperry Van Ness/Dunn Commercial for over 10 years, where he specialized in Office and Industrial investment sales, management and leasing. While there, Cody had a very successful and prominent leasing team of highly experienced and transactional agents. Through Cody’s leadership and direction, the team grew the company’s portfolio to actively leasing over 40 buildings. Cody has extensive experience in the Office and Industrial leasing sector having worked with many major companies from Local/Regional to Fortune 500 companies and GSA leases.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Stabilized Lakeside Campus w/ Strong NOI
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Stabilized Lakeside Campus w/ Strong NOI
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