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Single-Tenant Office

Catamount Constructors

1329 Northmeadow Pkwy, Roswell, GA 30076

Listing Price: $1,400,000

Cap Rate
7.23%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$186.67
Lot Size
1.06 acres
Year Built
1996

Investment Overview

- Freestanding 7,500 SF building being offered below replacement cost ($186/sf) in the affluent market of Roswell, GA
- Building is part of the Northmeadow Business Park - a 20-building suburban portfolio totaling 1,219,619 SF on 125 landscaped acres with two parks, outdoor seating and walking paths - the park is currently 92% +/- occupied
- Northmeadow Business Park is located in the North Fulton submarket situated along the Georgia 400 corridor (Atlanta's main north to south artery) providing tenants connectivity to Central Perimeter, Buckhead, Midtown and Downtown markets, along with access to I-285 and I-85 which are the industrial backbone of the Southeast
- Northmeadow Business Park is located directly adjacent to top-tier healthcare operations such as WellStar North Fulton Hospital (200+ bed acute-care hospital), an Emory Healthcare Clinic and Northside Hospital Imaging
- Below market rent - N. Fulton/Johns Creek submarket office rents average $23.40/SF - Current Tenant is paying $13.91/SF
- NN Lease with Catamount Constructors runs until November 30, 2022
- Catamount did a full interior remodel five years ago at Tenant's expense
- Roswell is one of the most affluent markets of Atlanta - AHI in the 5-mile radius is over $146,000
- Atlanta ranks as one of the nation's top markets for Fortune 500 Companies - 15 total Fortune 500 Companies including Delta, UPS, Coca-Cola, and Home Depot
- Atlanta ranks among the highest in the nation for job growth - over the past 5 years, nearly 190,000 positions were added
- High growth market - Atlanta is expected to add approximately 290,000 residents over the next 5 years - currently have approximately 6 million residents in the Atlanta MSA

Investment Highlights

  • Freestanding 7,500 SF building being offered below replacement cost
  • Building is part of the Northmeadow Business Park - a 20-building suburban portfolio
  • Northmeadow Business Park is located in the North Fulton submarket

Exclusively Listed By

Single-Tenant Office

Catamount Constructors

Listing Price: $1,400,000

Cap Rate
7.23%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$186.67
Lot Size
1.06 acres
Year Built
1996

Investment Highlights

  • Freestanding 7,500 SF building being offered below replacement cost
  • Building is part of the Northmeadow Business Park - a 20-building suburban portfolio
  • Northmeadow Business Park is located in the North Fulton submarket

Investment Overview

- Freestanding 7,500 SF building being offered below replacement cost ($186/sf) in the affluent market of Roswell, GA
- Building is part of the Northmeadow Business Park - a 20-building suburban portfolio totaling 1,219,619 SF on 125 landscaped acres with two parks, outdoor seating and walking paths - the park is currently 92% +/- occupied
- Northmeadow Business Park is located in the North Fulton submarket situated along the Georgia 400 corridor (Atlanta's main north to south artery) providing tenants connectivity to Central Perimeter, Buckhead, Midtown and Downtown markets, along with access to I-285 and I-85 which are the industrial backbone of the Southeast
- Northmeadow Business Park is located directly adjacent to top-tier healthcare operations such as WellStar North Fulton Hospital (200+ bed acute-care hospital), an Emory Healthcare Clinic and Northside Hospital Imaging
- Below market rent - N. Fulton/Johns Creek submarket office rents average $23.40/SF - Current Tenant is paying $13.91/SF
- NN Lease with Catamount Constructors runs until November 30, 2022
- Catamount did a full interior remodel five years ago at Tenant's expense
- Roswell is one of the most affluent markets of Atlanta - AHI in the 5-mile radius is over $146,000
- Atlanta ranks as one of the nation's top markets for Fortune 500 Companies - 15 total Fortune 500 Companies including Delta, UPS, Coca-Cola, and Home Depot
- Atlanta ranks among the highest in the nation for job growth - over the past 5 years, nearly 190,000 positions were added
- High growth market - Atlanta is expected to add approximately 290,000 residents over the next 5 years - currently have approximately 6 million residents in the Atlanta MSA

Exclusively Listed By

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