AT&T Signs Lease For 120,000 Sq Ft Office Space At 1277 Lenox Park Blvd In Atlanta
1277 Lenox Park Boulevard Atlanta, GA 30319, USA
$35
$35/SF
Building Size
120,000 SF
Asset Type
Office
Closing
Jul 12, 2023
About this deal
AI
AT&T, one of the leading telecommunications companies in the United States, has signed a lease agreement for 120,000 square feet of office space at 1277 Lenox Park Boulevard in Atlanta. The property, located in the bustling market of Atlanta, Georgia, offers a prime location for AT&T to establish its presence in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 1277 Lenox Park Boulevard, Atlanta, GA
- Market: Atlanta, GA
- Tenant: AT&T
- Asking Rent: $35.50 per square foot
This lease agreement marks a significant step for AT&T, as it secures a substantial amount of office space in Atlanta. The 120,000 square feet of leased space will provide AT&T with the necessary infrastructure and environment to support its business operations and meet customer demands in the region.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93