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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Key Facts

Building Area

Property Description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to present the unique opportunity to purchase Apple Valley a 72,702 SF in-fill creative office property. The offering provides a rare blend of stability coupled with value creation with 7.1 Yrs of WALT and a current occupancy of 79%. Originally built in 1961, Apple Valley was redeveloped in 2017 creating one of Atlanta’s most unique office environments. Located just minutes north of the Buckhead Business District, the Property is in Brookhaven Village creating an amenity rich walkable environment that has few rivals. While the neighboring retail amenities offer a wide variety of restaurant options, Apple Valley is home to Arnette’s Chop Shop which has become one of Atlanta’s premier restaurant destinations since its opening. In addition to the walkable retail amenities, Apple Valley’s location also provides excellent access to the greater Atlanta metro region. Within a short drive are some of Atlanta’s most dynamic and prestigious neighborhoods – Brookhaven / Capital City, Buckhead and Chastain Park. The Brookhaven MARTA station is located within a short walking distance of the Property providing transit-oriented access for tenants and visitors alike. Finally, Apple Valley’s location just off Peachtree Rd creates excellent vehicular access to Atlanta’s major interstates – I-85, I-285 and GA-400. Apple Valley’s rare combination of stability with upside coupled with its outstanding location creates a dynamic investment opportunity in today’s marketplace.

Investment Highlights

  • Secure Income & Long WALT
    • 7.1 years of WALT with strong tenants anchoring the project’s cash flow
  • Value Creation Opportunity
    • 15,000 SF of existing vacancy, more than half of which has been built out spec allowing new ownership to quickly lease-up the vacancy with limited additional Tenant Improvement costs.
  • Brookhaven Neighborhood Location
    • “Best of both worlds” - proximity to Brookhaven / Buckhead: Apple Valley benefits from its proximity to decision maker neighborhoods and employee bases while residing in the City of Brookhaven.
  • Highly Amenitized & Walkable Location
    • Multiple restaurant options in the surrounding area - many of which are walkable - in addition to Arnette’s serving the tenants of Apple Valley Brookhaven.
  • Strength of Creative Office Market
    • The creative office market has demonstrated above average rent growth, occupancy, and limited capital costs. This product type is poised to capitalize on the health first mentality in a post COVID environment with direct access to tenant spaces, open air common areas, and no elevators.
Last Updated Date: 05 Apr 2021
Richard Reid
Richard Reid
Senior Managing Director, Atlanta & Nashville Co-Office Head
License details
AL-000109241 FL-SL3171603 GA-313257 KY-217829 NC-LC304 SC-78122 TN-321591
Huston Green
Huston Green
Managing Director, Capital Markets
License details
284522
+13129406848
Last Updated Date: 05 Apr 2021

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