853 S Peachtree St
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853 S Peachtree St
15,500 SF 100% Leased Retail Building Norcross, GA 30071 £2,351,220 (£152/SF)
Investment Highlights
- 4 sided brick warehouse.
- Motivated Seller ready to negotiate!
- minutes to I-85 with 486,000 VPD.
Executive Summary
Roof - done in 2023. Owner use building for sale. Bays - front 2 Ea, Back 4 Ea. Ceiling- lowest 18 Ft, highest 20 feet, Use -Wareouse or Retail. total space - 5 Ea x 1,200 SF, 1 Ea x 8,300, Loft - There is a loft (1,200 SF added in 2015 and it is not included in 15,500 SF), Tenant- 5 tenants (Buyer can keep all tenants or tell them to move out with 60 to 90 days' notice. All tenant is getting 50 - 60 % discounted rent bacause all of them are helping the seller's business in variou ways to get rent favor. Buyer's Use - Buyer can use all 15,500 SF or can lease 6 spaces (1,200 SF x 6 Ea ) at $2,000 to $2,400 per space a month ($172,800 a year) The front of each unit features a reception/showroom area. The property offers direct access to Jimmy Carter Blvd and Buford Hwy, and is just minutes from I-85.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,500 SF
Building Class
B
Year Built
2004
Price
£2,351,220
Price Per SF
£152
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.15
Land Acres
2.37 AC
Zoning
C - Commercial
Parking
40 Spaces (2.58 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 6-244-033 | Improvements Assessment | £339,586 |
Land Assessment | £113,300 | Total Assessment | £452,886 |
PROPERTY TAXES
Parcel Number
6-244-033
Land Assessment
£113,300
Improvements Assessment
£339,586
Total Assessment
£452,886
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853 S Peachtree St
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