HQ Investment of National Law Firm | 8.3% Cap Rate
1544 Old Alabama Road
Roswell, GA 30076
| PRICE : | $15,500,000 |
|---|---|
| CAP RATE: | 8.3% |
| PROPERTY TYPE: | Office |
| SITE SIZE: | 6.28 Acres |
| BUILDING SIZE: | 70,000 SF |
| YEAR BUILT: | 1999 |
Highlights
- • Law firm McCalla Raymer Leibert Pierce (MRLP) has been in place since the building’s construction in 1999
- • With 15 locations stretching from Las Vegas to New York, MRLP has utilized 1544 Old Alabama Road as its headquarters since it was constructed
- • The asset is a single-tenant building comprised of ± 23,333 SF floorplates with a mix of private offices, open work spaces and conference rooms
- • The Property benefits from its access to major thoroughfares including Holcomb Bridge Road and Georgia State Route 400
- • Surrounded by high-quality shopping, dining and hotels within the immediate area
- • Situated immediately in front of Kimberly Clark corporate offices
- • Two points of access and ample parking
- • The Roswell Greenway and Big Creek Park are less than 0.3 miles from the Property
- • 1544 Old Alabama Road is strategically located in a high-growth, affluent and well-educated area
- • Average household income within a 3-mile radius is $118,091 and 5-mile is $140,028
Description
1544 Old Alabama Road is located in the North Fulton County Submarket of Roswell, Georgia (20 miles north of Atlanta). The asset is a single tenant, ±70,000 SF office building situated on ±6.28 acres. McCalla Raymer Leibert Pierce (MRLP), is a leading provider of legal services to the financial services and mortgage banking industries with locations from Las Vegas to New York. MRLP has occupied the building as its headquarters since it was built in 1999. The full-service lease includes a 2016 base year expense cap.
The 3-story building has two points of ingress and egress, and benefits from its close proximity to Holcomb Bridge Road and Georgia State Route 400. The immediate area features other office, retail and residential developments, and maintains a very high overall occupancy rate. Very recent CapEx by the landlord includes the installation of new LED lights throughout and a new TPO roof.
If you would like to discuss pricing or set up a time to tour, please contact Michael Wess (404-876-1640 x150), or Andy Lundsberg (404-876-1640 x107).
To receive additional information and financials, please execute the confidentiality agreement.
Do not disturb tenants or management. Do not visit the site without an appointment through Bull Realty.
