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t r a n s l a t e

Single Tenant Corporate Headquarters | Flex Office Building | ±175,900 SF

1000 Gutenberg Drive
Kennesaw, GA 30144
PRICE : Contact Bull Realty for information
CAP RATE: 0%
PROPERTY TYPE: Office
SITE SIZE: 16.29 Acres
BUILDING SIZE: 175,900 SF

Highlights

  • ±175,900 SF flex headquarters building consisting of office, warehouse, and showroom space situated on ±16.29 acres (with additional 10-acre tract potentially available for a total of ±26.8 acres)
  • 100% leased through March 2026 with in-place NOI of $1,821,606
  • NNN lease with tenant paying for 100% of all operating expenses including capital costs such as roof, structural, and parking lot repairs
  • LI (light industrial) zoned site with very easy access to I-75 is the largest contiguous tract to Kennesaw State University, the second largest university in the state with more than 41,000 students, and within the heart of the affluent and award-winning community of Kennesaw, a premier suburb of Atlanta
  • Multiple potential investment strategies: because tenant is not renewing and could be open to early termination, purchaser could reposition in either short or long term (while collecting the asset’s current cash flow) and improve on the relatively low rate of $10.36/SF NNN or fully redevelop the 16 (or up to 27) acre site

Description

Single tenant corporate headquarters of Heidelberg North America AG with lease supported by its parent company Heidelberger Druckmaschinen AG (publicly traded HDD, Frankfurt Stock Exchange), a leading solutions provider in the print media industry

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