Coming Soon
$6,495,000
7.9% cap · 25,930 sq ft RBA · Class B
5713 Piedmont Ave NE
Atlanta, GA 30308
Listed today$250/sq ft
01 / 06
PendingOffice
$7,325,000
1577 N Highland Ave NE
Grant Park · Atlanta, GA 30309
$215/sq ft37 days on market1.5K views34 saves
Key facts
- Interior
- 34,060 sq ft
- Lot
- 2.06 acres
- Year built
- 1961
- Property type
- Office
- Price / sq ft
- $215/sq ft
- Annual taxes
- $67,390
- Days on market
- 37
Getting around
Walk Score67
Somewhat Walkable
Transit Score41
Some Transit
Bike Score62
Bikeable
About this property
Investors have been asking for Grant Park product at this basis for two years. The improvements include freight elevator, dedicated hvac and fiber connectivity. Offers reviewed as received.
Investment summary
Investment summary
Cap rate
8.00%
Net operating income ÷ price
Net operating income
$586,000
Annual, after operating expenses
Cash-on-cash
+7.3%
$160,882 annual cash flow on $2,197,500 equity
Occupancy86%
29,292 sq ft leased of 34,060 sq ft
- Tenants
- 4
- Rentable area
- 34,060 sq ft
- Price / sq ft
- $215/sq ft
- WALE
- 2.8 yrs
- Lease type
- Modified Gross
- Building class
- Class B
- Zoning
- C-3
- Parking
- 96 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $425,118 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Bike Room & Showers
Systems & Efficiency
- Dedicated HVAC
- Sprinkler System
Parking & Access
- Freight Elevator
Highlights
- Fiber Connectivity
- NNN Leases in Place
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2019-03-25 | Sold | $4,755,000 |
| 2026-06-18 | Listed | $7,325,000 |
| 2026-07-18 | Pending | $7,325,000 |
Location
Grant Park, Atlanta — Fulton County
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Approximate location · Grant Park
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Estimated monthly
$44,407/mo
- Principal & interest83%$36,655
- Property tax13%$5,616
- Home insurance5%$2,137
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $5,860,000 · 30 yr · 6.40%
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