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3755 Mansell Road

Marcus & Millichap Sells Woodside Terrace Office Building In Alpharetta, GA For $14.5M By Buyer Free Chapel Worship Center
SOLDOffice

Marcus & Millichap Sells Woodside Terrace Office Building In Alpharetta, GA For $14.5M By Buyer Free Chapel Worship Center

3755 Mansell Road

$14,500,000

$117/SF

Building Size

123,982 SF

Asset Type

Office

Closing

Jan 16, 2024

AI

Marcus & Millichap has sold the Woodside Terrace Class A Office Building in Alpharetta, Georgia, for $14.5 million. The property is located at 3755 Mansell Road and spans 9.89 acres. It is an office asset with a total area of 123,982 square feet. The sale price amounts to $117 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,500,000
  • Address: 3755 Mansell Road
  • Market: Alpharetta, GA
  • Acres: 9.89
  • Square footage: 123,982
  • Price per square foot: $117

The sale of the Woodside Terrace Class A Office Building was facilitated by Bob Johnson and Paul Johnson of Marcus & Millichap. They represented both the buyer and seller in the transaction.

The property was originally acquired by Ravi Zacharias International Ministries in 2016. It underwent significant tenant improvements, including the addition of a TV and recording studio. These improvements attracted the buyer, Free Chapel Worship Center.

Players

Bob Johnson

Marcus & Millichap

Broker

$14.5M

vol

2 deals

Broker

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93