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Fortress Investment Group Acquires Office In Alpharetta From UPS For $93.2M
SOLD
$93,200,000
Georgia
See Similar DealsOffice305,000 SF
Sold 09/18/2025
SOLD
Fortress Investment Group Acquires Office In Alpharetta From UPS For $93.2M
12380 Morris Road
See Similar DealsOffice305,000 SF
Sold 09/18/2025
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$305
Total Square Footage:305,000 SF
Transaction Type:Sale
This office asset, located at 12380 Morris Road in Alpharetta, GA, was sold for $93.2 million. The property encompasses a total area of 305,000 square feet, translating to a price per square foot of $306.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $93,200,000
- Buyer: Drew McKnight - Fortress Investment Group
- Seller: UPS
- Square Footage: 305,000
- Price per Square Foot: $306
UPS sold the office space to Fortress Investment Group and immediately entered into a sale-leaseback agreement to continue occupying the building. This transaction is part of UPS's strategic shift to close 73 facilities and downsize their workforce by approximately 4%.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$331,119.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$441,815.55
Annual Debt Service$5,301,786.58
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