Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity

For Sale

1700 Water Place, Atlanta, GA 30339

This Atlanta property for sale is located at 1700 Water Place. The general use of Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity is office and it incorporates 37,796 square feet of class B office space. The current listed sale price for Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity is $4,500,000. Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity is situated on a lot that is 2.67 acre in size.

Contacts

broker

Michael Bull

Bull Realty

Property Details

  • Property Type Office - General Office
  • Property Size 37,796 SF
  • Lot Size 2.67 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Date Updated Oct 3, 2024
Cumberland/Galleria AreaOpportunity to acquire a well-located, 3-story, lake-front office building near The Battery in metro Atlanta at only $119/SF. Lakepointe offers investors the opportunity to acquire a property well below replacement costs in one of the best performing office sub-markets of metro Atlanta. Just completed improvements to the common areas, bathrooms, and parking lot pave the way for improved leasing and tenant retention. The building is currently 49% occupied with average rents of $17.62/SF. CoStar reports 2 star office rents in the Cumberland Galleria average $20.57/ SF, with positive absorption over the last 12 months and a vacancy factor of only 4%. The popular location near the Atlanta Braves Stadium, Truist Park, and surrounding mixed use development known as The Battery is poised for continued population and job growth. The timing is excellent to ride the wave of increasing back to office trends, new supply constraints and continued growth in this popular Atlanta suburban market.

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Highlights

  • Opportunity to acquire a 3-story, lake-front office building near The Battery in metro Atlanta at $119/SF.
  • Recent improvements made to common areas, bathrooms, and parking lot to enhance leasing and tenant retention
  • Building currently 49% occupied with average rents of $17.62/SF
  • Prime location near Atlanta Braves Stadium, Truist Park, and The Battery mixed-use development
  • Strong potential for continued population and job growth in this popular Atlanta suburban market

Getting around

  • 61/100

    Walk Score ®

  • 28/100

    Bike Score ®

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Location

  • City Atlanta, GA
  • Neighborhood Chattahoochee Bluffs
  • Zip Code 30339
  • Market Atlanta

Points of Interest

  • Medical Center MARTA

    7.65 miles

  • Medical Center

    7.68 miles

  • Dunwoody MARTA

    8.12 miles

  • Lenox

    8.54 miles

  • Lindbergh Center

    8.93 miles

  • Atlanta

    9.27 miles

  • Murphy USA

    0.33 miles

  • Shell

    0.33 miles

  • Chevron

    0.41 miles

  • Conoco

    0.43 miles

  • QuikTrip

    0.65 miles

  • Texaco

    0.75 miles

  • Shell

    0.79 miles

  • Shell

    0.91 miles

  • Chevron

    0.99 miles

  • Shell

    1.05 miles

  • Braves North 29

    1.22 miles

  • Braves East 42

    1.33 miles

  • Braves East 51

    1.45 miles

  • Braves East 47

    1.50 miles

  • Braves East 40

    1.52 miles

  • Braves East 31

    1.61 miles

  • Green Parking

    1.61 miles

  • Braves East 52

    1.61 miles

  • Battery Park Delta Deck

    1.62 miles

  • Yellow Parking

    1.65 miles

  • Courtyard Atlanta Windy Hill/Ballpark

    0.64 miles

  • DoubleTree

    0.69 miles

  • Extended Stay America

    0.73 miles

  • Country Hearth Inn & Suites

    0.74 miles

  • Days Inn

    0.76 miles

  • Red Roof Inn

    0.80 miles

  • Comfort Inn & Suites

    0.80 miles

  • Fairfield Inn & Suites Atlanta Marietta

    0.81 miles

  • Masters Inn Economy

    0.82 miles

  • Motel 6 - Stadium

    0.85 miles

  • Walmart Supercenter

    0.20 miles

  • Burlington

    0.22 miles

  • Ollies

    0.28 miles

  • Tomato Japanese Grocery

    0.28 miles

  • Bealls Outlet

    0.81 miles

  • Target

    0.83 miles

  • Goianão Brazilian Market

    1.04 miles

  • Super Mercado La Villa

    1.17 miles

  • Kroger

    1.31 miles

  • Carniceria Iguala

    1.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael Bull

Bull Realty