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Office Vacant-User

Woodside Terrace

3755 Mansell Rd, Alpharetta, GA 30022

Listing Price: Request For Offer

Gross SF
123,982
Rentable SF
123,982
Lot Size
9.89 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present for sale Woodside Terrace, located at 3755 Mansell Road in Alpharetta, Fulton County, Georgia. The offering consists of a vacant ±124,982 SF, Class A office building constructed by Crossley, Jernigan & Ellison, Inc. in 1998, renovated in 2016 with modern décor, and situated on a ±9.89 AC lot. The asset features ample surface parking in addition to an on-site café, fitness center, and lakeside patio area. There is potential for high-end furniture, fixtures, and equipment to be included in the offering. With excellent visibility along Mansell Road, the property is approximately one mile east of GA-400 and provides stellar access to both Atlanta Proper and its surrounding suburbs. Woodside Terrace is located within the North Fulton/ Forsyth County Office Submarket, which encompasses many of the most affluent suburbs within the Atlanta MSA. The property is located within top-ranked school districts and the average household income is $154,425 within a 5-mile radius. North Point Mall, Big Creek Greenway, and Topgolf are examples of the many notable points of interest that can be found in immediate proximity of the building. This offering is ideal for the owner-user who seeks to minimize the cost of buildout in expansion or relocation. Four of the five floors have existing buildout in place, leaving only one floor in shell condition. Current buildout may appeal to a wide range of users including but not limited to educational, church, ministry, studio, gallery, event center, or traditional office. The facility also includes a property tax exemption that is transferrable for the end-user with qualifying non-profit status. This offering is also ideal for the opportunistic investor who seeks to add value by backfilling the facility for a single user or by converting the facility into multi-tenanted creative loft space or life science / lab space. Additionally, the large lot size may provide an opportunity to expand the current footprint or to potentially develop residential townhomes.

Investment Highlights

  • Owner-User Opportunity | Only one other 100,000+ SF block currently available for sale within the submarket | Existing buildout within facility appeals to a wide range of potential uses
  • Opportunistic Investment | Add value by backfilling facility for a single user or converting the facility into multi-tenanted creative loft space | Modern buildout and Class A executive finishes
  • Life Science/Laboratory | Trend of pharma companies seeking lab space led to City of Alpharetta changing OI Zoning ordinance to allow up to 50% of office buildings to be converted to lab space
  • Development Potential | Value-add opportunity for the mixed-use developer due to large parcel size | Current O-I zoning permits many uses
  • Desirable Access | Approximately 1-mile from GA-400 with excellent visibility along Mansell Road
  • Property Features | Café, fitness center, lakeside patio area, abundant security cameras & key card access, ample surface parking | High-end furniture, fixtures and equipment
  • Renovated & Well-Maintained | Renovated in 2016 with a new roof and modern interior décor | Well-maintained HVAC and Elevators
  • Affluent Metro of Atlanta | $154,425 Average Household Income (5-mile radius) | Home to top-ranked school districts, Northwood Elementary, Haynes Bridge Middle, and Centennial High School

Exclusively Listed By

Office Vacant-User

Woodside Terrace

Listing Price: Request For Offer

Gross SF
123,982
Rentable SF
123,982
Lot Size
9.89 acres
Year Built
1998

Investment Highlights

  • Owner-User Opportunity | Only one other 100,000+ SF block currently available for sale within the submarket | Existing buildout within facility appeals to a wide range of potential uses
  • Opportunistic Investment | Add value by backfilling facility for a single user or converting the facility into multi-tenanted creative loft space | Modern buildout and Class A executive finishes
  • Life Science/Laboratory | Trend of pharma companies seeking lab space led to City of Alpharetta changing OI Zoning ordinance to allow up to 50% of office buildings to be converted to lab space
  • Development Potential | Value-add opportunity for the mixed-use developer due to large parcel size | Current O-I zoning permits many uses
  • Desirable Access | Approximately 1-mile from GA-400 with excellent visibility along Mansell Road
  • Property Features | Café, fitness center, lakeside patio area, abundant security cameras & key card access, ample surface parking | High-end furniture, fixtures and equipment
  • Renovated & Well-Maintained | Renovated in 2016 with a new roof and modern interior décor | Well-maintained HVAC and Elevators
  • Affluent Metro of Atlanta | $154,425 Average Household Income (5-mile radius) | Home to top-ranked school districts, Northwood Elementary, Haynes Bridge Middle, and Centennial High School

Investment Overview

Marcus & Millichap is pleased to present for sale Woodside Terrace, located at 3755 Mansell Road in Alpharetta, Fulton County, Georgia. The offering consists of a vacant ±124,982 SF, Class A office building constructed by Crossley, Jernigan & Ellison, Inc. in 1998, renovated in 2016 with modern décor, and situated on a ±9.89 AC lot. The asset features ample surface parking in addition to an on-site café, fitness center, and lakeside patio area. There is potential for high-end furniture, fixtures, and equipment to be included in the offering. With excellent visibility along Mansell Road, the property is approximately one mile east of GA-400 and provides stellar access to both Atlanta Proper and its surrounding suburbs. Woodside Terrace is located within the North Fulton/ Forsyth County Office Submarket, which encompasses many of the most affluent suburbs within the Atlanta MSA. The property is located within top-ranked school districts and the average household income is $154,425 within a 5-mile radius. North Point Mall, Big Creek Greenway, and Topgolf are examples of the many notable points of interest that can be found in immediate proximity of the building. This offering is ideal for the owner-user who seeks to minimize the cost of buildout in expansion or relocation. Four of the five floors have existing buildout in place, leaving only one floor in shell condition. Current buildout may appeal to a wide range of users including but not limited to educational, church, ministry, studio, gallery, event center, or traditional office. The facility also includes a property tax exemption that is transferrable for the end-user with qualifying non-profit status. This offering is also ideal for the opportunistic investor who seeks to add value by backfilling the facility for a single user or by converting the facility into multi-tenanted creative loft space or life science / lab space. Additionally, the large lot size may provide an opportunity to expand the current footprint or to potentially develop residential townhomes.

Exclusively Listed By

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