Spear Street Capital Acquires Office Asset In Atlanta For $130 Million From Manulife US REIT
1100 Peachtree
$130,000,000
Units
585,006
Asset Type
Office
Closing
Jun 4, 2025
About this deal
AI
The property asset involved in the transaction is an office building located at 1100 Peachtree in Atlanta, GA. The asset encompasses a total of 585,006 square feet and was sold for a transaction amount of $130,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $130,000,000.00
- Buyer: Spear Street Capital
- Seller: Manulife US REIT
- Market: Atlanta, GA
- Units: 585,006
- Sale Date: 06/04/2025
The transaction involved Spear Street Capital as the buyer, acquiring the property from Manulife US REIT, highlighting the active participation of these firms in the real estate market.
Players
Atlanta Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93