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6700 Sugarloaf Parkway

Vensure Employer Solutions Leases 90350 Square Feet Office Space At 6700 Sugarloaf Parkway
LEASEDOffice

Vensure Employer Solutions Leases 90350 Square Feet Office Space At 6700 Sugarloaf Parkway

6700 Sugarloaf Parkway

Building Size

90,350 SF

Asset Type

Office

Closing

Mar 12, 2025

AI

The property asset involved in the transaction is an office space located at 6700 Sugarloaf Parkway in Duluth, GA. This office property spans 90,350 square feet and is currently positioned in a market that demonstrates strong demand for adaptable office spaces. The property has reached 91% occupancy, indicating its appeal due to a strategic location near key business hubs and amenities in the evolving Atlanta office market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 6700 Sugarloaf Parkway
  • Market: Duluth, GA
  • Square Footage: 90,350
  • Landlord: Gil Hearn - The Simpson Organization
  • Tenant: Vensure Employer Solutions
  • Broker Representatives: Deming Fish & Emily Richardson - Colliers

This lease transaction highlights the collaboration between The Simpson Organization, represented by Gil Hearn, and Vensure Employer Solutions. The deal was brokered by Deming Fish and Emily Richardson, showcasing the role of Colliers in facilitating this significant office space rental.

Players

Deming Fish

Colliers

Broker

1 deal

Broker
TO
The Simpson OrganizationLandlord

Duluth 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