Village At Woodstock Parkway, 960, 970 & 980 Woodstock Parkway, Woodstock, GA
Total Square Footage
Square Footage/Building
Square Footage/Floor
Minimum Divisible Space
Total Acres
The gross and rentable areas are
57,933 and 55,287 square feet

The subject property, centrally located between Marietta and Canton, is comprised of three new buildings near downtown Woodstock.

The bank that owns these three new office buildings through a foreclosure on December 1, 2009 has commissioned John Dixon & Associates to sell these buildings.

The bank CEO stated “We are in the banking business, not the real estate business. Sell the buildings and bring us the cash!”

Description of Property
Location: East side of Woodstock Parkway which parallels Interstate I-575; situated approximately 0.63 miles north of Towne Lake Parkway; District 15, Section 2; Land Lots 927 and 946; Woodstock, Cherokee County, Georgia
Site Size: 5.96 Acres (259,618 square feet), Irregular, elongated
Year Built: 2009
Gross/Rentable Building Area: 19,311 square feet per building, (57,933 square feet total/ 55,297 square feet rentable)
Current Occupancy: 0.0% for each building
Tax ID: 15N11-00000-013-000
Zoning: GC, General Commercial District
Description of Land
Topography: Gently rolling with descending slope from north to south, along the descending road frontage.
Ground Cover: Office buildings, asphalt paving, good quality landscaping and related site improvements
Easements: Typical service and utility easements; there are no detrimental easements encumbering the subject property.
Flood Plain: According to the FEMA Flood Insurance Rate map, no portion of the subject lies within a flood plain area.
Access: Good, due to three access points along Woodstock Parkway.
Exposure/Visibility: Good, attributed to frontage along road
Utilities: All public utilities available, including sewer.
Adjoining Uses: Commercial and residential uses, vacant land.
Description of Buildings

Three newly developed three-story multi-tenant office buildings; slab on grade; fieldstone and face brick exterior walls with interior wood frame backed with plywood; roofs are hip with architectural asphalt shingles; typical office finish assumed with commercial grade carpet, sheetrock insulated walls and suspended ceiling; forced heat and central air conditioning; surface asphalt parking and good quality landscaping.

The site is improved with an office complex consisting of three buildings and related site improvements completed in January 2009 which still require tenant improvements. The three buildings are near identical, each containing the same building gross areas. We were furnished square foot calculations by representatives of the owner, and these calculations were verified by on-site measurements. The gross and rentable areas are 57,933 and 55,287 square feet, respectively.

Based on the information furnished to the appraisers, as well as discussion with on-site personnel, construction details are summarized:

Foundation/Floors: Reinforced concrete slab floor at grade; concrete perimeter footings; upper floors are concrete over metal decking.
Frame: Structural steel interior frame with wood frame exterior walls.
Exterior Walls: First level is fieldstone over plywood backup; upper levels are brick over plywood backup.
Roof: Hip design, with architectural asphalt shingles over wood deck; gutters and downspouts.
Windows: Tempered fixed double pane in anodized frames.
Doors: Exterior doors are tempered glass in anodized frames; solid core wood interior doors.
Plumbing/Electrical: Building wired for data and security and is sprinkler protected.
Parking: Asphalt paved parking, striped for 184 vehicles.

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GAL #2034

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