Contact Us

Flatiron For Sale

Flatiron For Sale
A historic Atlanta office landmark is for sale.
Flatiron building atlanta tim holdroyd city realty jim cummings
The Flatiron Building, the 41K SF pie-slice shaped office building at 84 Peachtree St, has been listed by its owner, James Cummingand Historic Urban Equities, which has held it since 1978. Long-time downtown realtor Tim Holdroyd with City Realty has been tapped to list the 11-story building. ?We believe that the Flatiron Building will sell to a single user who is 30K SF or greater,? Tim tells us. ?It's a stunning building, and it could be the brand of a company.? It's being listed for ?under $4 million.? With SBA financing, Tim says a user could own the building for an equivalent of under $15/SF gross rent.
Laura King Tim Holdroyd City Realty West Atlanta
We spent time with Tim and his partner Laura King at their West Atlanta office, discussing the changes he's seen in the market over his more than 30-year career. Tim says prices today on land in the CBD are getting to the point to where ?they make practical sense fornew development.? So . . . what's the next development? Tim thinks we'll see a "new residential high-rise development in Midtown as early as 2011.? This is driven by a lack of rental units in the submarket coupled with the continued trend of young professionals wanting to live in town: ?And I think Midtown and Midtown West are going to be the big beneficiaries because the density created during the last decade has given critical mass to these markets.?