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2400 Lake Park Drive Southeast

Rod Lawrence And Bill Morris Of Network Realty Partners Acquire Office In Smyrna For $27.15M
SOLDOffice

Rod Lawrence And Bill Morris Of Network Realty Partners Acquire Office In Smyrna For $27.15M

2400 Lake Park Drive Southeast

$27,150,000

$95/SF

Building Size

284,000 SF

Asset Type

Office

Closing

Jun 16, 2026

AI

The property asset involved in the transaction is a 284,000-square-foot office space located at 2400 Lake Park Drive Southeast, Smyrna, GA. It encompasses 19.4 acres and was sold for $27,150,000, translating to a price per square foot of $96.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $27,150,000
  • Address: 2400 Lake Park Drive Southeast
  • Market: Smyrna, GA
  • Acres: 19.4
  • Square Feet: 284,000
  • Price Per Square Foot: $96
  • Buyer: Rod Lawrence & Bill Morris - Network Realty Partners
  • Seller: Clay Grubb - Grubb Properties

The individuals involved in the transaction include Rod Lawrence and Bill Morris, who represent Network Realty Partners as the buyers, while Clay Grubb represents Grubb Properties as the seller. This transaction also marks the sale of the Park at Perimeter Center East in Dunwoody.

Players

Network Realty Partners
Network Realty PartnersBuyer

Clay Grubb

Grubb Properties

Seller

$207.4M

vol

3 deals

Seller

Saint Maries 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

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93