Northcreek_Property for Sale
Northcreek_Property for Sale
3715 Northside Parkway, Atlanta, GA, 30327, US

Northcreek

Asset description

Jones Lang LaSalle Americas, Inc (“JLL”), as an exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Northcreek (“the Asset”), an energized four-building neighborhood office park located in the most affluent demographic pocket of Atlanta, at the confluence of West Paces Ferry, Northside Drive, and I-75.


Currently 72% leased with 4 years of weighted average lease term remaining, Northcreek is a light-value-add investment opportunity primed to drive significant revenue through continued leasing and increasing rental rates. Exciting and newly delivered on-site retail offerings, including Little Rey, Bent Fork Tavern, the Daily, and PACE Fitness, will complement existing and adjacent Whole Foods and Publix anchored shopping centers. The new retail deliveries introduce a true mixed-use environment at Northcreek and provide the opportunity for significant value appreciation for the new investor.

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Attributes

Building area net
536,547 sf
Buildings
4
Occupancy
74%
Land area gross
39.91 acres
WAULT
4.2 years
Investment strategy
Value Add

Media

Investment highlights

  • Existing Lender Willing to Recast Loan at Terms Inside of Market
  • Most Affluent Demographic Pocket in Atlanta
  • Sticky Tenancy - 23 Firms with 10+ Years of Tenure
  • Mixed Use Atmosphere & New Retail Development
  • Value Creation via Lease Up & Rental Rate Mark to Market
  • Access and Proximity to Decision Makers
  • Long-Term Densification Potential
Northcreek 4_Property for Sale
Northcreek 4_Property for Sale

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Northcreek (0 Properties)

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Last updated
May 16, 2024