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Roswell Business Center is also located in the heart of one
of Atlanta’s top business centers — the North Fulton office
market comprises more than 24 million square feet of office space. Comparatively low costs and a well-educated
workforce have attracted companies such as KimberlyClark, AT&T, ChoicePoint, ADP, Siemens, and UPS are just a
few of the larger companies located near Roswell Business
Center. Two other top employers are the adjacent North
Fulton Regional Hospital, which anchors the area’s medical
community, and Harry’s Farmers Market.
JO
ID
Country Club
of Roswell
AL
OLD
Attracted by the affluent residential base and strong projections for continued growth, the Roswell and Alpharetta
area has become a top retail destination. North Point Mall,
totaling 1.37 million square feet, is home to premier retailers
and restaurants and has become the hub of a huge shopping and entertainment district. At the other end of the
spectrum, the quaint boutiques and eateries found in the
historic downtown Roswell district have become a draw in
their own right.
MIL
TON
P
W
AT
ER
HAY N E
Golf Club
of Georgia
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GE
RD
KI M
MANSELL RD
ROSWELL
Roswell Business Center
Roswell Business Center is located between North Atlanta’s
two most-desirable communities, Roswell and Alpharetta.
Anchoring the North Fulton market, the area is home to
more than 368,000 residents that boast some of the best
demographics in the country. Average household income
and median home values are well above the US and metro
Atlanta averages, and more than 80% of the area’s workforce is employed in high-end white collar jobs.
RD
BE
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BIRMINGHAM HWY
MAYFIELD
RU C K E
D
YR
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IS F
MCGINN
Office / Medical / flex Opportunity
PROVIDENCE
PARK
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NE
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AB
AM
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office / Medical / Flex opportunity in North atlanta
9
Roswell Business Center is Exclusively Offered by:
404.842.6508
Managing Director
404.842.6506
[email protected]
[email protected]
3340 Peachtree Road, NE, Suite 1000
Atlanta, GA 30326
t: 404.842.6600 | f: 404.842.6601
www.transwestern.net/atlanta
We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale,
lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Alpharetta
Hig
hway
North Fulton
Regional
Hospital
road
Jon Kleinberg
hembree
Kevin Markwordt, CCIM
Managing Director
upper
Exclusively Offered By:
investment Opportunity
Transwestern is pleased to exclusively present the opportunity to acquire Roswell Business Center, a six-building office/
flex complex located in Atlanta’s North Fulton submarket.
Totaling 156,298 square feet, the asset offers the following
benefits to investors:
Institutional Quality
Roswell Business Center
9
North Fulton
Regional
Hospital
hway
Hig
Building
100
Roswell Business Center is located on Alpharetta Highway,
the primary north/south corridor between the desirable communities of Roswell and Alpharetta. The area boasts some of
the most enviable demographics in the metro area — nearly
190,000 residents live within five miles, and with an average
household income of $137,000 and median home values of
$231,000, the area is well above metro Atlanta and US averages. In addition to being a sought-after residential district,
the area around the property is also a top retail destination
and a major office market.
Building
300
Alpharetta
Built between 1986 and 1996, Roswell Business Center’s six
single-story buildings have an attractive and cohesive brick,
steel frame, and glass design. The 15.021-acre site has been
very well maintained, with mature landscaping and multiple ingress/egress points. Attention to detail is evident throughout
the property, which offers strong curb appeal and efficient,
cost-effective space. Roswell Business Center provides an
upscale and professional environment for office tenants, medical practices, and companies requiring flex space options.
Excellent North Atlanta Location
investment highlights
Building
200
Address
11660 Alpharetta Highway, Roswell, Georgia 30076
Jurisdiction
City of Roswell, Fulton County
Zoning
C-3, Highway Commercial District
Site Size
15.021 acres
Size (SF)
• Building 100
19,853 SF
• Building 200
42,501 SF
• Building 300
21,058 SF
Harry’s
Farmers
Market
Building
400
34,531 SF
• Building 500
22,252 SF
• Building 600
16,103 SF
• Total
Building
600
Building
500
156,298 SF
Stories
One
Year Built
1986-1996
Percent Leased
45%
Major Tenants
• ILM Academy, Inc.
5,887 SF
• Infectious Disease Services
6,175 SF
• Foundation Physical Therapy
4,304 SF
• Myron F. Steves & Company
5,586 SF
• Guardian Home Care, LLC
4,681 SF
Visibility /
Traffic Counts
• Highly-visible monument signage on Alpharetta Highway
(Georgia Highway 9)
• Average traffic counts of more than 40,000 cars per day
on Alpharetta Highway
Established Medical Center
Roswell Business Center sits directly across from North
Fulton Regional Hospital, a 202-bed acute-care facility. As
such, approximately 40% of the property’s tenant base is
comprised of medical practices and healthcare-related support businesses.
• Building 400
• Secondary ingress/egress and signage on Upper Hembree
Road (approximately 5,000 cars per day on average)
Parking
• 496 marked spaces
• Ratio of 3.17 spaces per 1,000 SF
Construction
• Reinforced concrete slab foundation
• Steel frame with brick and glass facade
Below Replacement Cost
• 14’ clear ceiling height
With a very limited number of developable sites in the area,
Roswell Business Center provides a cost-effective entry into
one of Atlanta’s most desirable office markets and residential
districts. The property can be acquired at a price that is well
below replacement cost.
• Built-up roof with asphalt and gravel cover
Potential Upside
Currently 45% leased, the successful purchaser of Roswell
Business Center can capitalize on the strong growth in the
healthcare industry, the desirability and above-average
demographics of the Roswell/Alpharetta communities, and
the solidifying office market conditions to backfill remaining
vacancies and boost overall income and occupancy.
• Interior improvements of gypsum board walls, concrete
floors with carpet or tile covering, and standard commercial
suspended tile ceilings and fluorescent light fixtures
• Buildings 100-500 have an average office buildout of
approximately 85% with one drive-in door per unit
• Building 600 is 100% office with no rear-loading capacity
Systems
• Roof-mounted individual-package HVAC systems
• Fully sprinklered with smoke/fire detectors
• Two-fixture restrooms in each unit
Landscaping
• Mature natural tree buffers
• Extensive landscaping throughout
• Building- and pole-mounted exterior lighting of parking lot