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OA Development Acquires Office Property In Atlanta From Granite Properties For $50.4M

Property Image
SOLD
$50,400,000

Georgia

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Office254,000 SF
Sold 09/02/2025
the dealdetailscomps
Property Image
SOLD

OA Development Acquires Office Property In Atlanta From Granite Properties For $50.4M

3330 Cumberland Boulevard Southeast

See Similar Deals
Office254,000 SF
Sold 09/02/2025
the dealdetailscomps

Summary

GEORGIA
Asset Type:Office
Price Per Square Foot:$198
Total Square Footage:254,000 SF
Transaction Type:Sale

The office asset located at 3330 Cumberland Boulevard Southeast in Atlanta, GA was sold for $50,400,000. The property, known as the 100 City View office tower, encompasses 254,000 square feet and operates within a market characterized by significant commercial activity. The sale price reflects a per square foot price of $198.43, and the property is currently 91% leased, with Murata Electronics serving as the anchor tenant.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $50,400,000
  • Buyer: OA Development
  • Seller: Granite Properties
  • Broker: Cushman & Wakefield
  • Loan Amount: $32,500,000
  • Square Footage: 254,000
  • Price per Square Foot: $198.43
  • Leasing Status: 91% leased
  • Anchor Tenant: Murata Electronics
  • Market: Atlanta, GA

OA Development completed the acquisition of the property from Granite Properties, with the transaction being facilitated by Cushman & Wakefield. This deal reflects the ongoing interest in office spaces within the Atlanta market, showcasing a strategic investment made through a substantial financing arrangement.

Players

Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Granite Properties
Granite Properties
SELLER

Details

SOLD
IMAGE: 09/02/2025 ADDRESS: 3330 Cumberland Boulevard Southeast MARKET: Atlanta, GA ASSET TYPE: Office BUYER: OA Development SELLER: Granite Properties BROKER: Cushman & Wakefield SALE PRICE: $50,400,000 SF: 254,000 ~ PPSF: $198 NOTE: OA Development bought the 254,000-square-foot 100 City View office tower in Atlanta for $50.4 million ($198.43/sf) from Granite Properties. Cushman & Wakefield brokered the sale, financed with a $32.5 million loan, and the 91%-leased property is anchored by Murata Electronics.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$2,688,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$179,060.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$238,921.71
Annual Debt Service$2,867,060.55