5440 McGinnis Ferry Road, Alpharetta, GA
Office for Sale - 67,644 Sq. Ft. on 5.8 acres

Property Info
| CIMLS# | 135137 |
| Location 5440 McGinnis Ferry Road Alpharetta GA 30005 | |
| Updated | June 14th, 2011 |
| Type | Office |
| Price | Upon Request |
| Building | 67,644 Sq. Ft. |
| Land | 5.8 acres |
Property Description
Bull Realty is pleased to present this short sale opportunity, offering investors an opportunity to acquire this impressive office park consisting of seven building totaling over 67,000 SF. Located in Alpharetta, a northern suburb of Atlanta, Georgia, this property is in excellent condition with little to no deferred maintenance needed.
The property was originally developed as office condominiums with the intention of selling off individual units. The current owner has control of the entire development and has been leasing the property to various tenants since its acquisition in 2008. At approximately 40% current occupancy, there is tremendous upside for an investor through lease-up stabilization or future office condominium sales to end users.
- Last sold in 2008 for $9.7 million ($143/SF)
- Current loan balance: Approximately $7.2 million
The property is offered un-priced, with the lender expecting to accept a short=sale offer for less than the loan balance for a quick, clean closing.
Please contact Andy for additional details regarding this property.
Please Contact:
Andy Lundsberg
Andy@BullRealty.com
404.876.1640 x 107
