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

1700 Water Place, Atlanta, GA 30339

  • For Sale $4,500,000
  • 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 Dec 5, 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

Contacts

broker
Michael Bull

Bull Realty

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Bike Score ®

    28/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • North Springs

    7.76 miles

  • Sandy Springs

    7.81 miles

  • Buckhead

    7.89 miles

  • Dunwoody MARTA

    8.12 miles

  • Dunwoody

    8.13 miles

  • Lenox

    8.54 miles

  • Lindbergh Center

    8.93 miles

  • Electrify America

    0.23 miles

  • Shell

    0.33 miles

  • Chevron

    0.41 miles

  • Conoco

    0.43 miles

  • QuikTrip

    0.65 miles

  • Texaco

    0.75 miles

  • RaceTrac

    0.93 miles

  • Tesla Supercharger

    1.09 miles

  • MARIETTA / FGSC EV

    1.49 miles

  • Volta

    7.23 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

    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 Atlanta - Smyrna/Ballpark

    0.80 miles

  • Comfort Inn & Suites Ballpark Area

    0.80 miles

  • Fairfield Inn & Suites Atlanta Marietta

    0.81 miles

  • Masters Inn Economy

    0.82 miles

  • Economy Hotel Marietta

    0.83 miles

  • J R Crickets

    0.17 miles

  • Lemon Butter Seafood

    0.18 miles

  • Julia's Taqueria #2

    0.22 miles

  • Marietta Wings & More

    0.24 miles

  • China Station

    0.28 miles

  • Lahore Grill

    0.29 miles

  • Kana Restaurant & Lounge

    0.30 miles

  • Subway

    0.33 miles

  • Blue Moon Pizza

    0.33 miles

  • Madras Mantra

    0.33 miles

  • Amana Academy

    0.94 miles

  • Rose Garden School

    1.69 miles

  • Hawthorne School

    1.74 miles

  • Argyle Elementary School

    1.83 miles

  • East Cobb Middle School

    2.18 miles

  • Brumby Elementary School

    2.22 miles

  • Eastside Baptist Church & School

    2.39 miles

  • Powers Ferry Elementary School

    2.40 miles

  • Life University

    2.42 miles

  • Smyrna Elementary School

    2.44 miles

  • Prime Step

    0.14 miles

  • KinderCare

    0.78 miles

  • Bright Horizons

    1.41 miles

  • Innovators Trilingual Academy

    2.27 miles

  • Oxford Babies

    3.23 miles

  • Primrose School

    4.02 miles

  • Bundle of Joy Academy

    4.38 miles

  • Allgood Head Start / Pre-K

    4.88 miles

  • Buckhead Preparatory School

    5.01 miles

  • Sunbrook Academy

    6.35 miles

Frequently Asked Questions

How much does Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity cost?

The space currently listed for sale at Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity asks for $4,500,000.

What is the total square footage of Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity?

Lakepointe | Cumberland/Galleria Area | 37,796 RSF Office Acquisition Opportunity totals 37,796 square feet.

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Contact Listing Broker
broker
Michael Bull

Bull Realty