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1000 Marietta Street Northw...

Updated Oct 29, 2024

Cherry Street Energy Leases 13,600-Square-Foot Office Space At Brickworks In Atlanta's West Midtown
LEASEDOffice

Cherry Street Energy Leases 13,600-Square-Foot Office Space At Brickworks In Atlanta's West Midtown

1000 Marietta Street Northwest Atlanta, Georgia 30318, USA

$26

$26/SF

Building Size

13,600 SF

Asset Type

Office

Closing

Aug 15, 2023

About this deal

AI

Cherry Street Energy, an Atlanta-based solar energy company, has secured a 13,600-square-foot office lease at Brickworks, a mixed-use development located at 1000 Marietta St NW in Atlanta's West Midtown. The lease was brokered by Joey Kline and Terry McGuirk of JLL, who represented the tenant, and Bennett Gottlieb of Capital Real Estate Group, who represented the landlord, Asana Partners. The asking rent for the space was $26.95 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: Not Applicable (Lease)
  • Address: 1000 Marietta St NW, Atlanta, GA
  • Market: Atlanta, GA
  • Landlord: Asana Partners
  • Tenant: Cherry Street Energy
  • Landlord's Representative: Bennett Gottlieb - Capital Real Estate Group
  • Tenant's Representatives: Joey Kline & Terry McGuirk - JLL
  • Asking Rent: $26.95/ft
  • Square Footage: 13,600

In this deal, Cherry Street Energy, a local solar energy company, has leased a 13,600-square-foot office space at Brickworks in Atlanta's West Midtown area. The lease transaction was facilitated by JLL representatives, Joey Kline and Terry McGuirk, who represented the tenant, and Bennett Gottlieb of Capital Real Estate Group, who acted as the landlord's representative. The lease agreement was reached at an asking rent of $26.95 per square foot.

Players

Joey Kline

JLL

Broker

1 deal

Broker
Asana Partners
Asana PartnersLandlord

Atlanta Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $26 per square foot on a published $26 for 13,600 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

610115.38%

Cash-on-Cash

-174372.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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