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
About this deal
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.
On the Map
$27,150,000
$95/SF
Office
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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