2015 Vaughn Rd NW Kennesaw, GA 30144
- Office buildings
- 46,232 SF
- 4.93 lot acres
Current Use by Public Records
- Lisa Ade / Physician
- Excel Electrical Technologies / Electrical Service / General Contractor
- Selectek, Inc. / Employment Agency
- Kennesaw Home Remodeling / Hardware & Home Improvement / Interior Design
- Advance Me Inc / Loan Service
Property Details for 2015 Vaughn Rd NW
- Year built
- 2001
- Lot size
- 4.93 lot acres
- Property size
- 46,232 SF
- Zone code
- LI
- Property type
- Office buildings
- APN
- 20017300550
- APU
- 20017300550
Description
This exceptional 28-acre industrial property in Kennesaw, Georgia, presents a unique investment opportunity. The Park at Barrett comprises four existing one-story flex office buildings totaling 187,373 square feet, currently at 77.82% occupancy. Approximately 41,563 square feet of vacant space is available across the four buildings (100, 300, 400, and 500). The property also includes 5.93 acres of pad-ready land, complete with existing parking, stormwater, and utility infrastructure. Zoned for Light Industrial, allowing for office or flex uses, this versatile property offers significant potential for expansion and development. Located within the Town Center Community Improvement District (CID), it benefits from a thriving community with over 24,000 employees and 11,000 residents. Its strategic location offers excellent connectivity to Interstates 75, 575, and is approximately 10 miles from I-285, providing easy access to major transportation routes. The asking price is $32,500,000, and both land and buildings are available for separate purchase. Pad-ready concepts are available for a 36,000 square foot office building or a 24,000 square foot flex building. This property is ideally situated adjacent to Cobb County International Airport, making it an attractive location for businesses seeking convenient access to air travel. The property is classified as Class B and the lease type is NNN with multi-tenancy.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,005,000
- 6.5%
- $10,160,000
- 7%
- $9,435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,048,000
- AI Estimate
- $7,453,000
Market price range: $4.70M - $8.58MMarket price range: $3.42M - $9.81M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,370,000 Current use
- MEDICAL BUILDING
- $11,355,000 Change: +78% Conversion: Easy
- RETAIL STORES
- $10,075,000 Change: +58% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $9,880,000 Change: +55% Conversion: Easy
- AUTO REPAIR, GARAGE
- $9,200,000 Change: +44% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $9,060,000 Change: +42% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Kennesaw
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5866
- Latitude
- 34.0105
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA