ATLANTA, GA – Lincoln
Property Company Southeast (Lincoln) has facilitated the $2.1 million purchase
of 1945 Vaughn Road, a
27,300-square-foot office building located in Kennesaw, Georgia, just outside
of metro Atlanta.
Jeff Henson
of Lincoln represented the buyer, Cloud9Ortho, in the transaction, and Randy Hoye and Enio
Guerra Bull Realty represented the seller, AMLI Residential.
Built in 1994, the
two-story office building is located
within a master-planned office park and is maintained with quality controls.
The former corporate headquarters has been updated and outfitted with energy
efficient features such as solar panels and motion lights.
Nearby amenities include
the Noonday Creek Trail, Town Center Mall and easy access to interstates 75 and
575.
Randy Hoye |
“There’s been a
significant uptick in these small to mid-size owner/user sales during the last
12 months, largely due to a lack of inventory,” Henson said.
“Demand for quality, well-constructed
owner/user buildings is far outpacing supply right now, which is increasing the
price per square foot.
"Office sales in the first quarter totaled 46
transactions with a total volume of $677 million, compared with 25 transactions
with a total volume of $560 million in the first quarter of 2015.
"We believe
office sales activity will continue to tick up for the remainder of the year.”
For a complete copy of the company’s news release,
please contact:
Savannah Durban
The Wilbert Group
404-343-0870
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