350 Technology Parkway

350 Technology Parkway, Peachtree Corners, GA, 3092

Property Overview:

Located approximately 25 miles north of the Atlanta CBD, 350 Tech is a premium property that is being acquired for $3.9m, $750,000 below its independently appraised value of $4.65m.

It is a single building (constructed in 2003) and in to 3 office / warehouse tenant spaces totalling 54,048 square feet. It is positioned on 5.17 acres of land and is located next door to West Lake – another property owned by the Fund.


Financial Information:

Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.


Acquisition date 6 January 2017
Contract purchase price $3,900,000
Original listed price $4,500,000
Discount to listing price $600,000 (13.33%)
Independently appraised price $1,985,000
Estimated insurance replacement cost $6,300,000
Occupancy at purchase date 86%
Appraisal date and appraiser 14 November 2016, Capright
Finance terms Cash purchase
Gross Building Area 54,048 sq ft (5,021 sq mtrs)
Land size 5.17 acres (20,922 sq mtrs)
At purchase estimated net operating income $440,700
At purchase estimated cap rate 11.30%
At purchase estimated cash on cash return 11.30%


General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. PropertyInvesting.com Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.