Third & Urban Acquires 430000 Sq Ft Office Campus In Alpharetta For $39.1M
2400 Lakeview Parkway
$39,100,000
$90/SF
Building Size
430,000 SF
Asset Type
Office
Closing
Jul 15, 2025
About this deal
AI
The property asset involved in this transaction is an office campus located at 2400 Lakeview Parkway in Alpharetta, GA. The asset consists of three buildings with a total square footage of 430,000, and it was sold for $39,100,000, equating to approximately $91 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $39,100,000
- Sale Date: 07/15/2025
- Buyer: Third & Urban
- Market: Alpharetta, GA
- Square Footage: 430,000
- Price Per Square Foot: $91
The deal was facilitated by Third & Urban in partnership with Zalik Investment Group, who together acquired the Georgia 400 Center. This transaction reflects the strategic interests of both companies in expanding their portfolio in the Alpharetta office market.
On the Map
$39,100,000
$90/SF
Office
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Alpharetta 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93