$3,230,000
Athens VA Clinic, 9249 US-29, Athens, GA 30601
Details
Property Type Office
Sub Type Medical Office
Square Footage 13,138
Net Rentable (SqFt) 13,168
Cap Rate 6.91%
NOI $231,350
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 9.7
Lease Expiration 02/01/2033
Remaining Term 6.7
Price per SqFt $245
Year Built 1987
Year Renovated 2007
Buildings 2
Stories 1
Lot Size (SqFt) 146,797
Investment Type Stabilized
Lease Commencement 06/01/2023
Ground Lease Yes
Office | 6.91% CAP | 13,138 SqFt
Marketing description
Prime 13,168 square ft. Stand-Alone Medical Office Building leased to the GSA has served as a Veterans Administration Community-Based Outpatient Clinic since 2007. It has a 7 years of "Firm Term" remaining before expiration in 2033. The subject property is located Northeast of downtown Athens, GA with direct frontage on US Highway 29 with more than 16,000 vehicles passing by the site each day.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,350.00
$19,279.17/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
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