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Wheels Up Corporate Headquarters 2135 American Industrial Way 35,500 SF Office Building Chamblee, GA 30341 $14,000,000 ($394.37/SF) 7.50% Cap Rate
Investment Highlights
- Wheels Up Corporate Headquarters & Member Operations Center
- NNN Lease with 2.75% Annual Rent Increases
- Located in Dekalb County's Fastest-Growing City | Chamblee, GA
- Consortium Led by Delta Air Lines Owns 85% of Wheels Up
- Less Than 2 Miles from PDK Airport | 2nd-Busiest General Aviation Reliever Airport in the State of Georgia
- Atlanta MSA
Executive Summary
CBRE is pleased to exclusively offer for sale the land and building being occupied by the Wheels Up Corporate Headquarters & Member Operations Center situated on 2.06 acres in Downtown Chamblee – a northeastern component of the Atlanta MSA (Population: 6.48M). Wheels Up’s NNN lease commenced in 2023 and features ±8.3 years of primary term remaining with 2.75% annual rent increases throughout the initial term. The lease also includes two 5-year renewal options with rent initially set to FMV.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
35,500 SF
Building Class
B
Year Built/Renovated
1964/2022
Price
$14,000,000
Price Per SF
$394.37
Cap Rate
7.50%
NOI
$1,050,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
35,500 SF
Building FAR
0.40
Lot Size
2.06 AC
Zoning
X - Commercial/Industrial
Amenities
- Outdoor Seating
- Air Conditioning
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 18-308-04-001 | Improvements Assessment | $665,684 |
| Land Assessment | $325,840 | Total Assessment | $991,524 |
Property Taxes
Parcel Number
18-308-04-001
Land Assessment
$325,840
Improvements Assessment
$665,684
Total Assessment
$991,524
Contacts
-
Christopher Bosworth -
Cyrus Felfeli -
Brian Pfohl -
Ty Grenier -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Wheels Up Corporate Headquarters | 2135 American Industrial Way
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