Thursday, May 18, 2006

TIC Investment Opportunity: Woodside Center - 1000 Mansell Exchange West Alpharetta, GA 30022

Woodside Center

Property Information:

  • Property Name: Woodside Center
  • Rentable SqFt: ± 115,205.00
  • Purchase Price: $16,710,000.00
  • Price per SqFt: $145.05/sqft
  • Equity: $8,560,000.00
  • Loan Amount: $8,150,000.00
  • Loan-to-Value: 48.77%
  • Percent Occupied: 100.00%
  • Type: Three, multi-story commercial office buildings
  • Minimum Purchase: $250,000.00

Property Description:
Woodside Center is located at the intersection of Mansell Road and Old Alabama Connector, one mile east of the Georgia 400 in Alpharetta, Georgia. During the last 15 years, North Fulton has become the residential location of choice for corporate executives, spurring a major residential boom in the area. These decision-makers are drawn by the high quality of life provided by swim/tennis and golf communities and the wide availability of new high quality homes at reasonable prices in one of the best school systems in the southern United States. As ranked by SAT scores, all six North Fulton high schools are in the top 10 schools in Georgia.

Top Tenants by Total Rent:
Woodside Center is currently 100% occupied with eight tenants. The noteworthy leaseholders include Delta Dental, Sunshine Mortgage, and The Columns Group. These three tenants occupy approximately 68.9% of the net rentable square footage.

Please contact me for a full marketing brochure and further information regarding this investment.

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