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
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