Kennedy Wilson Acquires Sandy Springs Office From UPS For $16.46 Million
35 Glenlake Parkway Northeast
$16,460,000
Building Size
—
Asset Type
Office
Closing
Dec 15, 2025
AI
The property asset involved in the context is an office located at 35 Glenlake Parkway Northeast in Sandy Springs, GA. The asset was sold by UPS to Kennedy Wilson for $16,460,000. The building is poised for redevelopment, aligning with UPS's strategic initiative to adjust its network by selling off multiple properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,460,000
- Buyer: Kennedy Wilson
- Seller: UPS
- Brokers: Brent Woodruff & William Yowell - CBRE
- Sale Date: 12/15/2025
Brent Woodruff and William Yowell from CBRE represented the transaction for the sale of the office building from UPS to Kennedy Wilson. This transaction is part of a broader strategy by UPS to divest several properties within its portfolio.
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
0.96%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93