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Suwanee Office Complex Trades for $17M
Avison Young has brokered the $16.8 million sale of 3970 Johns Creek Court, a single-story, 130,783-square-foot office and R&D property in the city of Suwanee’s North Fulton submarket.
The property is adjacent to the master-planned community of Johns Creek, which features a high number of amenities and a population that continues to exhibit growth. Since the property was built in 1999, the occupancy rate has averaged 90% with well-established, existing tenants, including Fisher Scientific, Scuf Gaming and Epic Tech that work in mission-critical and growth industries like biotech and gaming. In addition, those tenants have averaged a 10-year occupancy history due to the property’s desirable location and unique design features.
Casey Keitchen and Collin BeVier of Avison Young Capital Markets’ Office, Investment, Sales Group represented the undisclosed seller in the transaction. The buyer was also not disclosed.
- ◦Sale/Acquisition
