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Pavilion Center | Stabilized Office 9755 Dogwood Rd

44,704 SF 95% Leased Office Building Roswell, GA 30075 £4,311,084 (£96/SF) 9.09% Net Initial Yield

Investment Highlights

  • Steady cash flows, below-market rents, average 3% annual escalations
  • Future Direct Access to GA-400 with GA Department of Transportation project
  • Half mile to GA-400/Holcomb Bridge Rd Interchange | Central Perimeter (6.5 miles) and Buckhead (10 miles)
  • Affluent metro of Atlanta ($166K AHHI 5 miles) | Access to North Fulton, Central Perimeter, & Peachtree Corners office markets & quality labor pools

Executive Summary

Marcus & Millichap is pleased to present for sale Pavilion Center, a 3-story ±44,704 SF multi-tenanted office property situated on ±2.74 acres in the desirable North Fulton Office Submarket of Atlanta, Georgia. The property is currently 95% leased by a diverse and strong office tenancy. Ownership has agreed to a one-year Master Lease on Suite 340 (2,296 SF) at $19 PSF effective on the closing date. Built in 1984, the asset has been well maintained and was renovated in 2023 with $100,000 worth of common area improvements and a new HVAC unit and compressor in 2024. Pavilion Center boasts an attractive physical appearance and offers above average curb appeal with mature, well-maintained landscaping and ample parking. The property benefits from its easy access to the GA-400 / Holcomb Bridge Road interchange providing quick and direct access to Atlanta Proper.
The North Fulton Office Submarket encompasses many of the most affluent suburbs within the Atlanta MSA. The average household income is $166,000 within a 5-mile radius, and the property is surrounded by an amenity rich environment.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
44,704 SF
Building Class
B
Year Built
1988
Price
£4,311,084
Price Per SF
£96
Net Initial Yield
9.09%
NOI
£391,993
Percent Leased
95%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
14,901 SF
Slab to Slab
10 ft
Building FAR
0.38
Land Acres
2.73 AC
Zoning
OP - Intended to preserve and provide land exclusively for office and employment activity.
Parking
162 Spaces (3.62 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Natural Light

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 3rd Fl-Ste 340
  • 2,296 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
3rd Fl-Ste 340 2,296 SF Office Full Build-Out Now

3rd Fl-Ste 340

Size
2,296 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 340

Size 2,296 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-2300-0536-042-3
Land Assessment
£232,990
Improvements Assessment
£1,125,827
Total Assessment
£1,358,817
  • Listing ID: 32502329

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 9755 Dogwood Rd, Roswell, GA 30075

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