Asking Price Contact for pricing
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

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1999
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire 2 Sun (“Property”), a 98,563 square foot Class A suburban office building located in the Peachtree Corners submarket of Atlanta. Currently 85% leased, the Property has experienced significant leasing activity over recent months solidifying tenant demand during the COVID-19 pandemic. Built in 1999 and renovated in 2018, 2 Sun sits on 9.7 acres providing an above market parking ratio of 6.2 / 1,000 RSF. In addition to excellent parking, the large site creates an opportunity to add further value to the Property through the development of excess land.  

2 Sun is situated in the heart of the Tech Park Peachtree Corners submarket with proximity to the area’s main thoroughfare, Peachtree Pkwy, providing excellent access to the submarket’s two main amenity hubs – The Forum and Peachtree Corners Town Center, as well as the greater Atlanta metro region. The immediate area is undergoing a transformation into a vibrant and rapidly redeveloped close-in suburban community with the completion of Peachtree Corners Town Center and additional multi family and retail development within the submarket. In addition to the Property’s excellent location, the in-place tenancy offers diversification across numerous industries including technology, business services, law and engineering mitigating risk to any one industry and creating a secure cash flow. Additionally, the recent renovation and capital expenditures by Ownership lowers capital cost risk over the projected hold period. 

Investment Highlights

  • COVID-19 Leasing Velocity with 100% Rent Collections
  • Considerable Recent Capital Improvements
  • Excess Land Development Potential
  • Dynamic Location & Accessibility
  • Growing Amenity Base & Corridor
  • Peachtree Corners & Suburban Resurgence
  • Favorable Demographics
Last Updated Date: 09 Mar 2021
Huston Green
Huston Green
Managing Director, Capital Markets
Broker Licenses
284522
Richard Reid
Richard Reid
Senior Managing Director, Atlanta & Nashville Co-Office Head
Broker Licenses
AL-000109241 FL-SL3171603 GA-313257 KY-217829 NC-LC304 SC-78122 TN-321591

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 09 Mar 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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