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35 Glenlake Parkway Northeast

Kennedy Wilson Acquires Sandy Springs Office From UPS For $16.46 Million
SOLDOffice

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:

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

William Yowell

CBRE

Broker

$426.4M

vol

7 deals

Broker
Kennedy Wilson
Kennedy WilsonBuyer

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