6625 The Corners Pkwy Norcross, GA 30092

Property Details for 6625 The Corners Pkwy

Year built

1986

Lot size

6.50 lot acres

Property size

103,105 SF

Property type

Office Properties & Spaces

Property subtype

Office buildings

Description

This impressive five-story, Class A office building in Norcross, Georgia, offers 103,105 rentable square feet on a 6.5-acre lot. Built in 1986 and extensively renovated in 2022, the property boasts updated lobbies, corridors, bathrooms, elevators, HVAC systems, and outdoor amenity spaces. Currently 42.6% occupied by six tenants, including Round-The-World Logistics, Visix, Inc., Conway Data, Inc., LS Cable & System USA Inc., The Reinforced Earth Company, and ALM Automotive Group LLC, generating a current net operating income of $229,084. The building features 380 parking spaces, a covered smoking area, dock-high loading, and a generator. Significant upside potential exists with approximately 122,346 square feet of move-in ready space available on the third and fifth floors. The property is situated in a thriving submarket with strong positive absorption rates, offering a compelling investment opportunity at a price per square foot of $96.98. The asking price is $10,000,000. This turnkey property presents a rare chance to acquire a well-maintained, high-quality asset with substantial growth prospects. The building's excellent condition, recent renovations, and prime location in Gwinnett County, with easy access to major transportation routes, make it an attractive investment for discerning buyers.

Location Insight

City

Norcross

County

Gwinnett

State

Georgia

Longitude

-84.2374

Latitude

33.9593