Listed by NDI Maxim Real Estate
$1,600,000
Smithpointe Office Park
Details
APN R6304 304
Property Type Office
Sub Type Executive Office
Square Footage 10,640
Net Rentable (SqFt) 10,640
Units 30
NOI $101,940
Occupancy 60%
Tenancy Multi
Lease Expiration 06/03/2026
Price per SqFt $237
Class B
Year Built 1986
Year Renovated 2015
Buildings 1
Stories 2
Acreage 0.780
Zoning C2
Investment Type Owner/User
Lease Commencement 06/03/2015
Ownership corporation
Sale Condition 1031 exchange
Excellent opportunity for a co-working or executive suite location.
Marketing description
This is a great owner/user office building with built in executive suites for additional income. Owner/user can utilize the space and let the other tenants pay for the mortgage.
10,640 sqft divided into 30 executive suites. Current owner uses the main area near the entrance and rented out the rest of the building for passive tenants such as online car brokers, and virtual offices.
Plenty of parking.
Building was renovated in 2015 with newer parking, roof, and LED lights.
1.5 miles to Peachtree Industrial Blvd
5.5 miles to I-285
6.5 miles to GA-400
Investment highlights
Easy access from major highway, plenty of natural light, view from Holcomb Bridge Road.
Listing Contacts
Listed by NDI Maxim Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,940.00
$8,495.00/mo
Valuation Metrics
0
DSCR
6.37%
Cap Rate
6.37%
ROI
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Property History
Tax History
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