Bldg 300 - Phase I
10,368 SF | 100% Leased | Office Building | Alpharetta, GA 30005 | $1,996,000 ($193/SF) | 4.81% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,996,000
- Property Type
-
Office
- Square Feet
- 10,368 SF
- Price / Square Foot
- $193
Listing Contacts
Ben Choi
Verified Profile
- Property Info
Property Overview
• Building 100% leased to two separate tenants in health-care-related sectors
- Autism center (expires 1/31/2025 with 4 X 1-year option to renew)
- Speech therapist - currently subleased to a counseling tenant (expires 6/31/2026 with 1 X 4-year option to renew)
• Approximate return of 4.81± % after the office park association fees and Forsyth Co. property tax
• Contact to request rent roll
• The office complex where the subject Property is situated is across the road from the newly proposed The Gathering at South Forsyth, a $2B + mixed live-work-play development project (please note that this proposal hasn’t been finalized yet – please check on the official Forsyth County government website for the latest updates)
- https://www.fox5atlanta.com/news/the-gathering-at-south-forsyth-gets-greenlight
- https://www.forsythco.com/News/video-get-the-latest-updates-on-the-ronald-reagan-blvd-extension-apr24
• The Property is divided into four separate units.
• All units are accessible and connected through the interior common areas – creating a contiguous 10,368 SF for a single user; or each unit can be leased separately, allowing up to four separate tenants.
LOCATION HIGHLIGHTS:
• Easy access from GA 400
• Across the street from the proposed 80± AC $2B + mixed-use project - The Gathering at South Forsyth
- https://thegatheringatsouthforsyth.com/
• 1.2 ± miles south of Halcyon; a completed 135± AC mixed-use development project focused on live-work-play with retail, dining, lodging, social gathering areas, and residence
- https://www.visithalcyon.com/
• 0.5 ± miles west of the currently “under construction” McGinnis Ferry Road exit from GA-400
• 1.6 ± miles south of Exit 12A/B MacFarland Parkway | GA 400
• 4.2 ± miles north of Avalon - Alpharetta
• 5.9 ± miles south of The Collection at Forsyth
• 9.3 ± miles south of Northside Hospital Forsyth
All information above has been obtained from sources believed reliable and is subject to change without notice. No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein. It is the responsibility of each prospective tenant and/or buyer, or any interested party to independently confirm its accuracy and completeness of any information.
- Autism center (expires 1/31/2025 with 4 X 1-year option to renew)
- Speech therapist - currently subleased to a counseling tenant (expires 6/31/2026 with 1 X 4-year option to renew)
• Approximate return of 4.81± % after the office park association fees and Forsyth Co. property tax
• Contact to request rent roll
• The office complex where the subject Property is situated is across the road from the newly proposed The Gathering at South Forsyth, a $2B + mixed live-work-play development project (please note that this proposal hasn’t been finalized yet – please check on the official Forsyth County government website for the latest updates)
- https://www.fox5atlanta.com/news/the-gathering-at-south-forsyth-gets-greenlight
- https://www.forsythco.com/News/video-get-the-latest-updates-on-the-ronald-reagan-blvd-extension-apr24
• The Property is divided into four separate units.
• All units are accessible and connected through the interior common areas – creating a contiguous 10,368 SF for a single user; or each unit can be leased separately, allowing up to four separate tenants.
LOCATION HIGHLIGHTS:
• Easy access from GA 400
• Across the street from the proposed 80± AC $2B + mixed-use project - The Gathering at South Forsyth
- https://thegatheringatsouthforsyth.com/
• 1.2 ± miles south of Halcyon; a completed 135± AC mixed-use development project focused on live-work-play with retail, dining, lodging, social gathering areas, and residence
- https://www.visithalcyon.com/
• 0.5 ± miles west of the currently “under construction” McGinnis Ferry Road exit from GA-400
• 1.6 ± miles south of Exit 12A/B MacFarland Parkway | GA 400
• 4.2 ± miles north of Avalon - Alpharetta
• 5.9 ± miles south of The Collection at Forsyth
• 9.3 ± miles south of Northside Hospital Forsyth
All information above has been obtained from sources believed reliable and is subject to change without notice. No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein. It is the responsibility of each prospective tenant and/or buyer, or any interested party to independently confirm its accuracy and completeness of any information.
Property Details
- Class
- B
- Year Built
- 2000
- Stories
- 2
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