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Office

One Crown Center

1895 Phoenix Blvd, College Park, GA 30349

Listing Price: Request For Offer

Rentable SF
97,152
Lot Size
5.80 acres
Year Built
1985

Investment Overview

Marcus & Millichap is proud to present for sale One Crown Center, a distinguished Class B office building commanding attention with its 97,152 square feet of architectural excellence overlooking the bustling Hartsfield-Jackson International Airport.
One Crown Center - 1895 Phoenix Boulevard is located in the City of College Park and situated in the Phoenix Business Park sitting on 5.8 acres of land making it a rare and coveted office asset within the business park.
At a 27% occupancy and a substantial $900,000 investment in elevator modernization and chiller replacement, complemented with approximately remaining 20 years left on the roof warranty, invites investors to unlock One Crown Center’s full potential.
The strategic location of One Crown Center is unrivaled, with Hartsfield-Jackson International Airport less than a five-minute drive. The airport, employing over 63,000 individuals, serves as a dynamic economic hub, injecting over $34.8 billion into the local economy through direct and indirect impacts.

Beyond its proximity to the airport, the property enjoys superior connectivity, thanks to its accessibility to major interstates, including Interstate-285 (0.28 Miles), Interstate-75 (3 Miles), and Interstate-85 (0.75 Miles). This not only enhances its appeal to potential tenants but also streamlines logistics and commuting for existing occupants. Airport City, a 320-acre mixed-use live, work, play, project just a five-minute drive north from the subject provides an additional opportunity for tenants relocating from surrounding municipalities and other parts of the country. (See page for details regarding Airport City)

Additional advantages lie in the potential signage opportunities and visibility from Interstate 285, a strategic move that enhances its lease-up potential, and One Crown Center provides a corporate owner-user opportunity or investor to capitalize on the tremendous opportunity to acquire an office asset priced significantly below replacement cost.

In essence, One Crown Center transcends the ordinary, presenting itself not just as an office building but as a strategic investment opportunity poised for success. With the lease-up potential, submarket appreciation, and a reliable foundation of existing tenant rental income, this property beckons a new owner to chart a course toward significant returns in the vibrant heart of College Park GA.

Investment Highlights

  • Close to $1,000,000 In Recent Capital Improvements
  • Priced Significantly Below Replacement cost
  • Superior Connectivity to Interstate-285, Interstate-75, and Interstate-85
  • Located Adjacent to Hartsfield-Jackson Atlanta International Airport

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: Request For Offer

Rentable SF
97,152
Lot Size
5.80 acres
Year Built
1985

Investment Highlights

  • Close to $1,000,000 In Recent Capital Improvements
  • Priced Significantly Below Replacement cost
  • Superior Connectivity to Interstate-285, Interstate-75, and Interstate-85
  • Located Adjacent to Hartsfield-Jackson Atlanta International Airport

Investment Overview

Marcus & Millichap is proud to present for sale One Crown Center, a distinguished Class B office building commanding attention with its 97,152 square feet of architectural excellence overlooking the bustling Hartsfield-Jackson International Airport. One Crown Center - 1895 Phoenix Boulevard is located in the City of College Park and situated in the Phoenix Business Park sitting on 5.8 acres of land making it a rare and coveted office asset within the business park. At a 27% occupancy and a substantial $900,000 investment in elevator modernization and chiller replacement, complemented with approximately remaining 20 years left on the roof warranty, invites investors to unlock One Crown Center’s full potential. The strategic location of One Crown Center is unrivaled, with Hartsfield-Jackson International Airport less than a five-minute drive. The airport, employing over 63,000 individuals, serves as a dynamic economic hub, injecting over $34.8 billion into the local economy through direct and indirect impacts. Beyond its proximity to the airport, the property enjoys superior connectivity, thanks to its accessibility to major interstates, including Interstate-285 (0.28 Miles), Interstate-75 (3 Miles), and Interstate-85 (0.75 Miles). This not only enhances its appeal to potential tenants but also streamlines logistics and commuting for existing occupants. Airport City, a 320-acre mixed-use live, work, play, project just a five-minute drive north from the subject provides an additional opportunity for tenants relocating from surrounding municipalities and other parts of the country. (See page for details regarding Airport City) Additional advantages lie in the potential signage opportunities and visibility from Interstate 285, a strategic move that enhances its lease-up potential, and One Crown Center provides a corporate owner-user opportunity or investor to capitalize on the tremendous opportunity to acquire an office asset priced significantly below replacement cost. In essence, One Crown Center transcends the ordinary, presenting itself not just as an office building but as a strategic investment opportunity poised for success. With the lease-up potential, submarket appreciation, and a reliable foundation of existing tenant rental income, this property beckons a new owner to chart a course toward significant returns in the vibrant heart of College Park GA.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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