Powers Ferry Center | 2000 Powers Ferry Rd SE
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Powers Ferry Center 2000 Powers Ferry Rd SE
215,000 SF 57% Leased Office Building Marietta, GA 30067 £18,387,575 (£86/SF)
Investment Highlights
- Optimal Position: This property is strategically situated in Marietta, within the vibrant Atlanta MSA, ensuring exceptional visibility and easy access
- Business Hub: Positioned in a growing community with thriving business opportunities, providing access to potential customers and a skilled workforce.
- Investment Value: Real estate in sought-after locations tends to appreciate over time, making this property a secure and reliable investment.
- Diverse Usage Potential: Versatile spaces suitable for various businesses, from retail to office, ensuring flexibility and customization.
- Growth Opportunities: Significant leasing potential with the office portion currently at 14% occupancy, offering room for expansion.
- Convenient Access: Close proximity to major transportation routes and a range of nearby amenities, enhancing convenience for businesses and customers.
Executive Summary
The Powers Ferry Center is one of the first mixed use developments in Atlanta, well located in northwest Atlanta near the intersection of I-75 and I-285 and across from Wildwood. The immediate area is well established but has seen a resurgence due to the relocation of the Atlanta Braves baseball stadium and surrounding Battery Park, bringing many more people to the area to live and visit. There are over 216,000 people living within 5 miles of the property.
The subject property provides for immediate upside with leasing efforts on the office component being currently 14% occupied. There is also an additional building attached to the rear of the office built out at as event space and a fitness center, but neither are currently occupied. While the retail is 100% occupied, there is more upside with increasing the rents or replacing some of the current tenants over time to increase the rental income. There is also the potential to covert the office building to residential or more of a medical use.
The subject property provides for immediate upside with leasing efforts on the office component being currently 14% occupied. There is also an additional building attached to the rear of the office built out at as event space and a fitness center, but neither are currently occupied. While the retail is 100% occupied, there is more upside with increasing the rents or replacing some of the current tenants over time to increase the rental income. There is also the potential to covert the office building to residential or more of a medical use.
Property Facts
Sale Type
Investment
Property Type
Building Size
215,000 SF
Building Class
B
Year Built
1988
Price
£18,387,575
Price Per SF
£86
Percent Leased
57%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
20,000 SF
Slab to Slab
12 ft
Building FAR
0.63
Land Acres
7.89 AC
Zoning
OHR - Office, Retail
Parking
800 Spaces (3.72 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Route
- Conferencing Facility
- Convenience Store
- Dry Cleaner
- Fitness Centre
- Food Service
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
17/sf for tenant brokers
17/sf for tenant brokers
17/sf for tenant brokers
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 10,000-20,000 SF | Office | Full Build-Out | Now |
| 3rd Floor | 10,000-20,000 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 600 | 2,000-20,000 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 10,000-20,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 10,000-20,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 600
| Size |
| 2,000-20,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 10,000-20,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
17/sf for tenant brokers
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3rd Floor
| Size | 10,000-20,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
17/sf for tenant brokers
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6th Fl-Ste 600
| Size | 2,000-20,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
17/sf for tenant brokers
PROPERTY TAXES
| Parcel Number | 17-0941-0-002-0 | Improvements Assessment | £28,647 |
| Land Assessment | £2,090,321 | Total Assessment | £2,118,969 |
PROPERTY TAXES
Parcel Number
17-0941-0-002-0
Land Assessment
£2,090,321
Improvements Assessment
£28,647
Total Assessment
£2,118,969
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Chase Murphy -
Elliott Kyle -
Skyline Seven Real Estate
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Powers Ferry Center | 2000 Powers Ferry Rd SE
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