1055 & 1057 Lenox Park_Property for Sale
1055 & 1057 Lenox Park_Property for Sale
Atlanta, GA

1055 & 1057 Lenox Park

Portfolio description

The Capital Market Group of Jones Lang LaSalle, Inc. “JLL” is pleased to announce the opportunity to acquire the fee simple interest in 1055 and 1057 Lenox Park (the “Assets”) - a two pack of Class A office buildings in Atlanta’s Buckhead submarket with long term, landlord-friendly NNN leases.


The Assets are home to AT&T Mobility headquarters and benefit from a fresh, long-term triple net lease to BBB+ credit. Current ownership has invested significant capital into the Assets by activating the central courtyard, executing on a new tenant amenity center, and contributing Tenant Improvement allowance for best-in-class buildouts; the Tenant will also contribute meaningful capital for interior renovations.


The Assets are expected to trade significantly beneath replication cost, which are approaching $725+ PSF today. 1055 and 1057 Lenox Park provide investors an entry point into the highly competitive Buckhead submarket while also presenting a unique opportunity to earn an outsized yield from a long-term credit tenant lease.

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Attributes

Building area gross
19,116 m²
Land area gross
1.9 ha
Occupancy
100%
WAULT
10.5 years
Tenant credit rating
BBB
1055 & 1057 Lenox Park (2 Properties)
1055 & 1057 Lenox Park (2 Properties)

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Investment Highlights

  • FRESH, LONG-TERM NNN LEASES TO AT&T
  • WORK FROM WORK LOCATION
  • RECENT AND ONGOING MEANINGFUL CAPITAL INVESTMENT
  • UNIQUE CAMPUS ENVIRONMENT IN THE HEART OF URBAN ATLANTA
  • UNPARALLELED ACCESS TO BUCKHEAD & BROOKHAVEN'S BEST OFFERINGS
  • IRREPLACEABLE OPPORTUNITY TO ENTER ATLANTA’S PREMIER SUBMARKET: BUCKHEAD
1055 & 1057 Lenox Park 4_Property for Sale
1055 & 1057 Lenox Park 4_Property for Sale

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Last updated
11 Oct 2024