KeyBank Sells Office Building At 125-225 Townpark Drive Nw In Kennesaw For $42M
125-225 Townpark Drive Nw
$42,000,000
Units
350,000
Asset Type
Office
Closing
Mar 10, 2025
About this deal
AI
The property asset involved in this transaction is located at 125-225 Townpark Drive Nw in Kennesaw, GA. It is an office asset comprising a total of 350,000 square feet. The transaction was completed for a price of $42,000,000.00, indicating the market activity for this type of asset in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $42,000,000.00
- Address: 125-225 Townpark Drive Nw
- Market: Kennesaw, GA
- Units: 350,000
- Seller: KeyBank
Key individuals in this transaction included the seller, KeyBank, who facilitated the sale of the property. The transaction underscores the active nature of the office market in Kennesaw, GA, especially in light of the significant sale price achieved.
Players
Kennesaw 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93