Listed by Candler Real Estate Group
$3,495,000
222 Highland Crossing
Details
Property Type Office
Sub Type Traditional Office
Square Footage 14,962
Net Rentable (SqFt) 14,962
Cap Rate 4.46%
NOI $155,718
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 15.1
Lease Expiration 01/31/2034
Remaining Term 7.5
Rent Bumps Yes
Lease Options 5 year option
Price per SqFt $234
Broker Co-Op Yes
Class A
Year Built 2018
Buildings 1
Stories 1
Acreage 1.970
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 01/14/2019
Occupancy Date 01/14/2019
Office | 4.82% CAP | 14,962 SqFt
Marketing description
REDUCED! - Fully leased Commercial/Medical Office Building in Ellijay, GA. Built in 2018, the approximately 15,000 SF building sits on 1.97 acres just off Hwy 515. The building is fully leased to the State of Georgia through January 2034 with an additional 5 year option period that would run through January 2039..
Listing Contacts
Listed by Candler Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,718.00
$12,976.50/mo
Valuation Metrics
0
DSCR
4.46%
Cap Rate
4.46%
ROI
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