For Auction
Asset Snapshot
Offering Summary
Wells Fargo Center
Class A, Value-Add Opportunity located in the heart of the Financial District
RealINSIGHT Marketplace and NKF Capital Markets are pleased to present the outstanding opportunity to acquire the fee-simple interest in The Wells Fargo Center, located at 340 Jesse Jewell Parkway, Gainesville, Georgia. Being a tertiary submarket of Atlanta, Gainesville benefits highly from Atlanta’s strong demographics. The Class A office consists of seven-stories, containing 91,154 rentable square feet, situated on 2.6 acres. Constructed in 1989, the The Wells Fargo Center has set the standard for office buildings in Gainesville, with a state-of-the-art heating and cooling system, full length thermal exterior windows, after hours security card access, and 130 free covered spaces and 200 free surface spaces for parking.
Strategically located in the heart of the financial district, on the hard corner of the signaled intersection of Jesse Jewell and Athens Hwy, being the main thoroughfare connecting to Hwy 129 and I-985, The Wells Fargo Center offers an abundance of amenities, shopping, dining, with a strong vehicle traffic of approximately 40,000 VPD at the intersection of Jesse Jewell & Athens Hwy. The property is located in a demographically strong residential area with a high daytime employee population of 62,732 within a 5-mile radius. At 53% occupied, The Wells Fargo Center presents a unique opportunity for an investor to benefit from in place cash flow, while simultaneously allowing for significant value enhancement through lease-up of the remaining vacant space. It is ideal for an investor or owner-occupant to establish presence in the Gainesville submarket that has shown tremendous growth and resiliency.
INVESTMENT HIGHLIGHTS
♦ Value-Add Opportunity in an Established Market, with a strong existing tenant base
♦ Abundance of Parking (3.75 / 1,000 SF)
♦ Excellent Highway Accessibility & Amenity Base
♦ Strong Submarket Fundamentals & Momentum
♦ Over 60,000 in daytime employee population
♦ Advantageously located in the Financial District of Gainesville, and within 1.5 miles from the Northeast Georgia Medical Center and 5 miles from Brenau University.
Due Diligence
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
