Medical Office Building Investment | Ten Year Triple Net Lease - Metro Atlanta
1325 Satellite Boulevard Northwest
Suwanee, GA 30024
FOR SALE
Property Type:
Medical/HealthcareAmount:
$5,950,000
Last Verified:
Nov 22, 2024Daily Email Blast
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Highlights
- Exquisite ±13,280 SF two-story brick office building
- Strong tenant – Psychiatric Professionals of Georgia
- 6.5% cap rate - $385,120 NOI
- 10 Year lease with through 2034
- Renewals of 15 to 20 years
- Operating expenses passed through to tenant
- 3% annual base rent escalations
- Built in 2008 with $3,184,448 renovation in 2023
- Possible to add $4.2 million leased building next door
- Please do not disturb the tenant
Description
Opportunity to acquire a beautiful ±13,280 SF two story brick office building with a strong medical tenant on a ten-year triple net lease. The tenant, Psychiatric Professionals of Georgia, has been in business 41 years with a strong practice and healthy track record.
This location is ideal in the Gates at Sugarloaf development in the affluent Suwanee submarket of Atlanta, Georgia. Within a two mile radius the average household income is just over $125,000 per year and the median home value is $318,720.
Suwanee, GA
Year Built: 2008
Building Size: 13280sq ft
Building Class: B
Lot Size: 0.16 acres
