Landmark Properties And Westlake Capital Acquire Northcreek Office Park In Atlanta For $78M
3715 Northside Parkway Northwest
$78,000,000
$145/SF
Building Size
536,547 SF
Asset Type
Office
Closing
May 2, 2025
About this deal
AI
The Northcreek Office Park, located at 3715 Northside Parkway Northwest in Atlanta, GA, has been sold for $78 million. This office asset encompasses a total of 536,547 square feet, with a price per square foot of $145. The transaction was facilitated by JLL as the broker representing the seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $78,000,000
- Buyer: Landmark Properties & Westlake Capital
- Seller: Regent Partners
- Broker: JLL
Landmark Properties and Westlake Capital have successfully acquired the property from Regent Partners as part of this transaction. JLL played a pivotal role as the broker for this sale, ensuring the deal progressed smoothly for both the buyer and seller.
On the Map
$78,000,000
$145/SF
Office
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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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93