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PERIMETER PARK

Perimeter Park was 86% leased at LOI, but was100% by closing. The property's smaller size and flex product type limited the number of potential purchasers. SDM siezed on the opportunity to purchase a well located property in  Buckhead and Brookhaven's growth corridor. T

 

Purchase Price: $3,300,000 or $62/SF in December, 2015

Exit: $5,100,000 in July, 2017

         51.5% IRR, 2.25x Multiple

 

Capital Partners: High Net Worth Individuals and the Bank of North Georgia

 

Building Specifications:

-52,784 SF in two buildings

-196 Parking spaces

-5.56 acres