Address: 1055 & 1057 Lenox Park
Year Built: 1992 / 2025
Building SF: 205,761 SF
Acquisition Date: June 2025
Projected Hold Period:
3.0 Years
Acquired at an 8.3% cap on existing rent, $254 per rsf.
- Premiere Class A net leased twin assets within the highly desirable Buckhead metropolitan statistical area (“MSA”).
- 100% leased to AT&T, BBB+, serving as their Mobility Headquarters under a 10-year triple net lease. Lease term (“WALT”) of 9+ years.
- Strategically serves as the corporate head quarters for AT&T Mobility Division.
Mobility provides nationwide wireless service to consumer, business and wholesale subscribers, servicing over 127 million subscribers in the U.S. and providing wireless service for 28% of smartphone users in the country.
- Value-add investment returns for core-plus type risk profile with a steady income stream and attractive cash-on-cash returns.
