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Suwanee, Ga., office building trades for 8% cap rate

Bull Realty brokered the sale of 345 Peachtree Industrial Blvd., a 2-story office building totaling 17,366 on 1.7 acres in Suwanee, GA. The transaction closed on February 21, 2017 for $3,540,000 at an 8% cap rate.

 

The property is anchored by Emory Healthcare, who occupies approximately 6,000 SF on the first floor. There are multiple other tenants providing medical and personal services, such as C.H. Martin Co. and Children & Teen Dental. The property is 92% occupied.

 

The portfolio was exclusively listed by Andy Lundsberg, Partner at Bull Realty.

 

“Suwanee is now considered an affluent submarket of Atlanta. This particular area has seen an influx of growth and development over the last few years,” said Lundsberg.

 

The seller was RJG Properties LLC and the buyer was Joognoo Vanowen 11835 LLC.

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