Investment Overview

Marcus and Millichap is pleased to exclusively offer to qualified investors the opportunity to acquire McKenzie Suites (the “Property” or “Asset”), a value-add office investment portfolio located in the Aerotropolis Atlanta Submarket. Aerotropolis Atlanta is ideally positioned near $66 Billion economic power-house Hartsfield-Jackson International Airport. The Asset sits in Downtown Jonesboro, a member municipality of Aerotropolis Atlanta, and is minutes away from Tara Boulevard, an active corridor with 55,100 AADT, and a region set for rapid transformation as proposed by civic leaders and residents. The Property is positioned as executive suites and leased to a diversified roll of small business owners. The Jonesboro office market boasts a +96% occupancy rate for office assets, being evidenced by current landlords ability to rapidly lease upon acquisition in 2020, and generate a remarkable +500% increase to annualized gross income within first year of ownership. Jonesboro stands to be the beneficiary of planned and recently delivered development projects related to the updated “Framework Plan”. McKenzie Suites provide investors with the opportunity to create significant and immediate value via light renovations and lease-up, as well as a seamless transition by partnering with current management.