Lincoln Closes Sale of Atlanta-Area Office Asset
- May 17, 2017
Lincoln Property Co. Southeast brokered the sale of an approximately 10,000-square-foot office building at 3754 LaVista Road in the greater Atlanta metro area. The two-story property is part of the Northlake Commons Office Park, a seven-building office park in Tucker, Ga.
Chip Sipple, vice president of transactions, and George Gwaltney, leasing associate, led Lincoln’s sales advisory team. According to public records, AEM Properties LLC sold the property to West Rock Creek LLC in a $710,000 deal. Prior to the sale, Lincoln executed two new leases in the building to help stabilize the rent roll. The property is now 100 percent occupied by four tenants.
Northlake Commons Office Park provides office space solutions for small businesses or professional practices that require an efficient business environment. Current tenants include attorneys, family therapists, accountants and medical professionals. Located within 1 mile of I-285, the property offers easy access to I-85.
“Northlake Commons is a convenient location in a quality office park development which made it a great investment,” said Sipple, in a prepared statement.
Image courtesy of Lincoln Property Co.