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Executive Park North | 6-Building Office Complex | Online Auction: June 8, 2020

2700, 2701 & 2719 Sheraton Drive
Macon, GA 31204
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Office
SITE SIZE: 6.70 Acres
BUILDING SIZE: 61,128 SF

Highlights

  • ±61,128 GLA office complex situated along I-75
  • Variety of suites to the area office users
  • ±49.02% occupied by a diverse mixture of tenants
  • ±31,612 SF of vacant space available for immediate occupancy by an owner/user or tenants
  • On-site billboard with high visibility from I-75 provides additional long-term income
  • Simple ingress/egress and access to nearby restaurants, shopping, banks, hotels and entertainment
  • Income-producing investment also provides excellent future redevelopment opportunity
  • Large daytime population within 5-miles of the complex
  • Property will be auctioned through the Ten-X platform on June 8, 2020

Auction

Date: 6/8/20

Description

Executive Park North is a ±61,128 GLA office complex situated along I-75 in Bibb County, Macon, Georgia at 2700, 2701 & 2719 Sheraton Drive.

Situated on three parcels totaling ±6.77 acres, this 6-building office park provides a variety of suites to the area office users. A large illuminated monument sign at the entrance welcomes visitors to the park, with an impressive 362 surface spaces (5.9:1,000SF).

The Property is currently ±49.02% occupied by a diverse mixture of tenants, including several businesses at the property for more than ten years. Currently there is ±31,612 SF of vacant space available for immediate occupancy by an owner/user or tenants, with a variety of floorplans providing numerous options. A billboard with exposure to over 86k vehicles per day on I-75 provides additional long-term income to the property.

Located within the Macon city limits, Executive Park North is situated beside I-75 approximately 2 miles north of Downtown Macon and 80 miles south of Downtown Atlanta. Simple ingress/egress on Riverside Drive provides easy access to nearby restaurants, shopping, banks, hotels and entertainment.

The income-producing investment also provides excellent future redevelopment opportunity, with a large daytime population within 5-miles of the complex and over ±68k employees commuting to the area. A combination of convenience, ample housing, area amenities and growth continues to drive demand for space in the market.

Compelling demographics provide confirmation with an estimated population of ±86,355 and an average household income of ±$62,307 within a 5-mile radius of the property Significant upside potential may be realized through capital improvements, backfilling vacant space and stabilizing the asset.

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