1200 Ashwood Pkwy Dunwoody, GA 30338-4767

This 198,431 square foot, five-story office building presents a compelling value-add investment opportunity in Atlanta's Central Perimeter. Located at 1200 Ashwood Parkway in Dunwoody, DeKalb County, Georgia (zip code 30338), this multi-tenant property (16 tenants) currently boasts 36% occupancy. Built in 1985, the building features 610 parking spaces and is situated on approximately 11.64 acres, offering significant redevelopment potential. The property benefits from a prime location within a thriving suburban office market, proximate to affluent neighborhoods, major transportation arteries, and abundant amenities. On-site amenities include a cafe, fitness center, security, and a conference center. The building is also within walking distance of the Perimeter Marketplace, anchored by Publix, and other nearby developments. The current lease roll generates positive cash flow, even at the current occupancy rate, and three recent lease renewals demonstrate strong leasing momentum. This distressed asset is priced well below replacement cost, offering a significant discount to comparable properties in the area and presenting a unique opportunity for investors seeking substantial upside through lease-up or redevelopment. The surrounding area features high average household incomes and recent high-value home sales, further supporting the property's long-term potential. This is a rare chance to acquire a well-located asset with significant upside in a highly desirable Atlanta submarket.