Sold
$6,755,000
6.9% cap · 21,460 sq ft RBA · Class B
6840 Memorial Dr SE
Atlanta, GA 30312
Listed 3 months ago$315/sq ft
01 / 08
NewComing SoonOffice
$6,495,000
5713 Piedmont Ave NE
Inman Park · Atlanta, GA 30308
$250/sq ft0 days on market792 views57 saves
Key facts
- Interior
- 25,930 sq ft
- Lot
- 1.87 acres
- Year built
- 1989
- Property type
- Office
- Price / sq ft
- $250/sq ft
- Annual taxes
- $59,750
- Days on market
- 0
Getting around
Walk Score77
Very Walkable
Transit Score58
Good Transit
Bike Score56
Bikeable
About this property
Stabilized office building in one of Atlanta's tightest submarkets, delivered with in-place income. Fiber Connectivity and dedicated hvac make the space genuinely functional rather than merely leasable. Debt is assumable at a below-market coupon for a qualified buyer.
Investment summary
Investment summary
Cap rate
7.90%
Net operating income ÷ price
Net operating income
$513,105
Annual, after operating expenses
Cash-on-cash
+7.0%
$136,157 annual cash flow on $1,948,500 equity
Occupancy88%
22,818 sq ft leased of 25,930 sq ft
- Tenants
- 5
- Rentable area
- 25,930 sq ft
- Price / sq ft
- $250/sq ft
- WALE
- 6.4 yrs
- Lease type
- Modified Gross
- Building class
- Class B
- Zoning
- MU-4
- Parking
- 100 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $376,948 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
Parking & Access
- Freight Elevator
Highlights
- Fiber Connectivity
- Build-to-Suit Ready
- 24/7 Card Access
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Price raise
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-04-01 | Sold | $4,977,000 |
| 2026-07-25 | Listed | $6,299,000 |
| 2026-07-25 | Price raise | $6,495,000 |
Location
Inman Park, Atlanta — Fulton County
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Approximate location · Inman Park
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Estimated monthly
$39,375/mo
- Principal & interest83%$32,501
- Property tax13%$4,979
- Home insurance5%$1,894
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 $5,196,000 · 30 yr · 6.40%
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