The Valley at Chamblee Tucker - Atlanta, GA

The Valley at Chamblee Tucker
100% Government Occupied Office Opportunity

INVESTMENT HIGHLIGHTS

• 100% Occupied by US Government’s FEMA Division
• Dense and Growing Market with Strong Demographics
• Attractive Suburban Location 20 Minutes from CBD
  
   

THE OFFERING

CBRE’s Investment Group and RealINSIGHT Marketplace are proud proud to offer for purchase The Valley (“The Property”), a 100% occupied office building located at 3003 Chamblee-Tucker Road - a component of the expansive District at Chamblee campus in Atlanta, Georgia. Well located only ±0.3-miles from the heavily trafficked I-85 and minutes from I-285, The Valley presents investors the opportunity to purchase an institutional quality office building at an attractive basis well-below replacement costs in a dense and growing market.

Built in 1989, The Valley is comprised of one three-story building positioned on ±5.77-acre parcel boasting over 97% average annual occupancy since completion. The Property is currently ±100% occupied by the US Government’s FEMA division. FEMA has been operating from this building since 1997 with an extension through April 9, 2020 at a current annual base rent of $1,447,583. Due to FEMA’s expansion needs, they are vacating at lease expiration and moving into a neighboring building at 3005 Chamblee Tucker Road. In this relocation, FEMA is increasing its footprint from 68,000 SF to 114,000 SF with a 41% rent increase from $21.29 PSF (full service) to $30.00 PSF (full service) on a new 10-year lease.

The Valley is conveniently located across from Mercer University’s Atlanta Campus. The Property is a highly visible office building in the area and has great regional access thanks to its location off I-85 in immediate proximity to I-285. The Property also features excellent visibility and benefits from its vast 254-space parking lot for employees. Located only 20 minutes from Atlanta’s Central Business District, the Property features an attractive location for tenants who are either priced out of the CBD or for tenants who require more parking availability than the CBD can provide. Additionally, the Property benefits from its suburb accessibility and location near numerous area amenities including retail, hospitality, entertainment, and educational facilities. The Property’s surrounding area features extremely strong and compelling demographics with a population of approximately 300,000 and an average household income over $110,000 within a 5-mile radius.