100% Occupied Medical Office Building Portfolio | 8% Cap Rate

1388 Wellbrook Cir NE Conyers, GA 30012

1388 Wellbrook Cir NE, Conyers, GA, 30012
1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012 1388 Wellbrook Cir NE, Conyers, GA, 30012
FOR SALE
Property Type:
Medical/Healthcare
Amount:
$4,280,000
Last Verified:
Aug 14, 2024

Daily Email Blast
0 times


Highlights

  • Both properties have executed 10-year lease renewals commencing on November 1, 2024, except for a small ±3,110 SF space occupied by Athens Orthopedics which has 2.5 years remaining
  • ±9,789 SF and ±6,500 SF Medical Office Buildings adjacent to Piedmont Hospital Campuses
  • Rapidly growing tenant with 21+ Metro Atlanta locations

Description

Bull Realty is pleased to offer to qualified investors the opportunity to acquire a pair of medical office buildings occupied by Alliance Spine and Pain Centers located in Conyers and Covington, GA. Both properties are 100% occupied. The tenant runs a very busy pain management clinic which includes surgery suites for interventional procedures. The Covington property has one additional tenant, Athens Orthopedic Clinic, who occupies 19% of the MOB.

Both properties are strategically located adjacent to Piedmont Rockdale and Piedmont Newton campuses.

If you would like to pursue this opportunity, please return the Confidentiality Agreement on the last page of this Offering Memorandum. Once received, we will forward you the rent roll, income & expenses, and any other reasonably requested items.

The Seller will consider offers when presented.

Conyers & Covington, GA


Year Built: 1994
Building Size: 16280sq ft
Building Class: B
Lot Size: 0.9 acres


Documents

Offering Memorandum

Map of 1388 Wellbrook Cir NE, Conyers, GA, 30012

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.