Hyundai Capital America Leases 45000 Square Feet Office At 4100 Wildwood Parkway In Atlanta
4100 Wildwood Parkway
Building Size
45,000 SF
Asset Type
Office
Closing
Feb 4, 2025
AI
The property asset involved in this transaction is an office space located at 4100 Wildwood Parkway in Atlanta, GA. The total square footage of the space is 45,000. This property was previously operated as a Hyundai call center and includes various facilities such as offices, conference rooms, kitchens, and recreational areas.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 4100 Wildwood Parkway
- Market: Atlanta, GA
- Landlord: Workspace Property Trust
- Tenant: Hyundai Capital America
- Landlord's Representative: Wes Rudes - Workspace Property Trust
- Tenant's Representatives: Bob Gibbons - REATA Commercial Realty & Kirk Anders - Anders Commercial Properties
This lease transaction signifies the commitment of Hyundai Capital America to occupy the office space previously utilized for its call center operations. The involvement of the representatives highlights their roles in facilitating this leasing arrangement between the landlord and tenant.
Players
Atlanta Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93