Date of Acquisition
October 2016

Scope of Transaction
$28.7 million

Size of Property
150,194 SQF

Funding
65.4%

Equity
$9.7 million

Investment by Brightman-Gil
$4.975 million / 50% of the equity
PRESTON RIDGE
Alpharetta, Atlanta, GA

Preston Ridge is a class A office building in the Atlanta Metropolitan area.

The building has a 90% occupancy rate. It is located close to the major G400 highway and across from the highly successful Avalon mixed-use development, with its family-friendly shopping center, apartments, movie theater and community events.

Preston Ridge's current tenants pay an average rental rate that is $2-3 below the market rate and the rate paid by new tenants. This 10-15% gap in rental rates represents great upside potential.

   |   NEXT >

Transaction Details

10/2016
Acquisition

$28.7M
Scope

150,194
SQF

65.4%
Funding

$9.7M
Equity

$4.975M
B&G Invested