Crabapple West 10892 Crabapple Rd, Roswell, GA 30075
Office Building
Property Description
Invest in the premier Roswell office park of Crabapple West. 10892 Crabapple Rd is a renovated, 100% leased office building in the Crabapple West Office Development. Start your office investment with the security of this fully-leased building in an unbeatable quality and prime location. This property is the predominant building in this office park. Enjoy maximum efficiency with an elevator-served property with a total of 17,250 sq ft on three floors. The property in question has undergone significant upgrades in recent years. These include replacing the windows, renovating all floors to tenants’ specifications, and remodeling of the lobby. Over half of the HVAC systems have been replaced, and other regulatory upgrades have been made. Each of the tenants now in the building have occupied their space for 15 years, and we believe they present stable income for years to come and offer an owner the upside of rent escalations. Moreover, the owner will have the upside of rent escalations in the future. Not only is the property in excellent condition now, but its value will only increase over time. Enjoy the convenience of being just two miles from downtown Roswell. The surrounding area is full of 40+ restaurants, high-end boutiques, stores, and tree-covered sidewalks that provide a unique walking experience. Located just south of Highway 92/Woodstock Rd and Georgia 400, your tenants enjoy proximity to the Perimeter Center and Avalon. To the west, the property is approximately 11 miles from Downtown Woodstock and Interstate I-575. In response to the work-at-home trend, businesses are responding by leaving more expensive urban locations for suburban properties closer to their home and their employees’ homes. The trouble of urban office properties has benefitted suburban properties. Decentralization and moving to the suburbs is likely a long-term trend.
Highlights
Fully renovated in 2000 Stable long-term tenants Below market rents
Full Address: 10892 Crabapple Rd, Roswell, GA 30075
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: B
Zoning: O&I
Region: S-SE
County: Fulton
Closest Cross Streets: Crabapple and Crossville Rd
Use Type: Investment
Property ID: 4030888
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Has Gas: Yes
Clearance Height: 10
Building Sf: 17250
Parcel Num: 12 -1874-0392-013-5
Number Units: 6
Number Buildings: 1
Year Built: 1990
Year Renovation: 2020
Tenancy Type: Multi-Tenant
Fully renovated in 2000 Stable long-term tenants Below market rents
Consider Exchange: 1