{"id":1004195562,"date":"2017-10-31T09:44:09","date_gmt":"2017-10-31T17:44:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195562"},"modified":"2022-12-07T02:18:02","modified_gmt":"2022-12-07T10:18:02","slug":"atlanta-business-park-trades-for-3-2m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atlanta-business-park-trades-for-3-2m\/","title":{"rendered":"Atlanta Business Park Trades for $3.2M"},"content":{"rendered":"<p><em>By Tudor Scolca<\/em><\/p>\n<div id=\"attachment_1004195564\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004195564\" data-attachment-id=\"1004195564\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/atlanta-business-park-trades-for-3-2m\/five-points-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg\" data-orig-size=\"1200,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;946684818&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;26&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.001&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Five Points Business Center\" data-image-description=\"&lt;p&gt;Five Points Business Center at 1600 Roswell St in Smyrna, GA.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Five Points Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg?w=1024\" loading=\"lazy\" class=\"wp-image-1004195564 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg\" alt=\"Five Points Business Center\" width=\"300\" height=\"120\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg?resize=300,120 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg?resize=768,307 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg?resize=1024,410 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195564\" class=\"wp-caption-text\">Five Points Business Center<\/p><\/div>\n<p>NAI Brannen Goddard brokered the sale of a mixed-use property located in Smyrna, Ga., for $3.2 million. IC BP III Holdings XIX sold the property\u00a0for $70.7 per square foot. NAI Managing Director David Beak marketed the single-story building known as Five Points Business Center on behalf of the seller. Earlier this year, HFF secured $22.5 million in refinancing for an <a href=\"https:\/\/www.commercialsearch.com\/news\/atlanta-industrial-portfolio-receives-23m-refi\/\">Atlanta industrial portfolio<\/a> which included the asset.<\/p>\n<p>Five Points Business Center is located at 1600 Roswell St. in downtown Smyrna, Ga. The 45,960-square-foot business park is nearby multiple residential communities. According to Yardi Matrix data, there are approximately 95,520 people living within a three-mile radius. Atlanta\u2019s Perimeter is 10 minutes away, with interstates 75 and 285 providing access around the metropolitan area. Downtown Atlanta\u00a0is located about\u00a025 minutes away.<\/p>\n<p>The property was 95 percent leased at the time of the transaction. The multi-tenant business park is occupied by Crossfit South Cobb, Traditional Karate Atlanta, The Grateful Bread Co., The Bountiful Basket Catering, Crush Customs, among other\u00a0tenants.<\/p>\n<p><em>Image courtesy of NAI Brannen Goddard<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.<\/p>\n","protected":false},"author":1284,"featured_media":1004195564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21752,21742],"tags":[34585],"class_list":["post-1004195562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-mixed-use","category-latest","tag-nai-brannen-goddard"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Atlanta Business Park Trades for $3.2M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/atlanta-business-park-trades-for-3-2m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlanta Business Park Trades for $3.2M\" \/>\n<meta property=\"og:description\" content=\"The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/atlanta-business-park-trades-for-3-2m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-31T17:44:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T10:18:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Five-Points-Business-Center.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/\"},\"author\":{\"name\":\"Tudor Scolca\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"headline\":\"Atlanta Business Park Trades for $3.2M\",\"datePublished\":\"2017-10-31T17:44:09+00:00\",\"dateModified\":\"2022-12-07T10:18:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/\"},\"wordCount\":186,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/10\\\/Five-Points-Business-Center.jpeg\",\"keywords\":[\"NAI Brannen Goddard\"],\"articleSection\":[\"Atlanta\",\"Deals\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlanta-business-park-trades-for-3-2m\\\/\",\"name\":\"Atlanta Business Park Trades for $3.2M - 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