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Buggy Works Office Park
Multi-Tenant Medical & Office Facility in Atlanta, GA
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Investment Highlights
- Total Square Footage: 75,118 SF
- Occupancy: 98%
- Year One Proforma NOI (2015): $782,089; CAP: 8.8%
- Stabilized, highly occupied with 62% units being leased to medical offices and 10% to gov services
- Located off of Cleveland Ave (16,900 cars per day), quick access to I-85 just 1.5 mi. East of asset
- Proximate to Atlanta Medical Center - South Campus
- Just 1.5 miles north of Georgia's largest employer, Hartsfield-Jackson Inl Airport
- Located within a 6 mile radius of economic revitalization bringing nearly 5,000 new jobs.
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Buggy Works Office Park is made up of the historic Jefferson Station, Wagon Works and Buggy Works buildings. The property boasts commercial space for offices, retail, medical offices, and light industrial businesses, all with easy access to the East Point Marta Station line via covered pedestrian bridge. The buildings underwent a total renovation from 2003 to 2004 totaling $4.7M in capital infusion. The property's loft style architecture offers fully ADA compliant facilities and state-of-the-art infrastructure with ample on-site parking. The site offers convenient and quick access to I-85 and is just 1.5 miles north of Hartsfield-Jackson International Airport.
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