194 Jonesboro Road
Jonesboro, GA 30236 ·
14,400 SF · Office For Sale
|Building Size||14,400 SF||Building Class||C|
|Property Use Type||Investment||Lot Size||0.90 AC|
|Commission Split||2.25%||APN / Parcel ID||12-048C-00A-0002|
|Cap Rate||10.01%||Parking Ratio||2.70 / 1,000 SF|
|Listing ID: 15009611||Date Created: 02/20/2007||Last Updated: 07/26/2008|
Professional, office, and retail businesses in one location. Small spaces with several leases generating as much as $40.00/sf/year. An excellent rental history, low expenses and high demand for its small office spaces make it a uniquely promising investment. Currently 92% occupied, the property averages less than 10% vacancy with gross projected revenues of approximately $23,000.00 per month as a result of recent additional renovations. There are 39 off street parking spaces. The property underwent major renovations, including new HVAC in 2001. Recently additional renovations were completed to subdivide a larger space to accompany tenants renting smaller spaces and generating more revenue. It is well maintained and has been intimately managed by the present owners. This property is 0.9 acres and the total rentable area is approximately 14,400 sq.ft.
Seller is willing to hold up to a 10% second mortgage and/or sign a master lease for 2-3 years for the right buyer.
This property is a part of an investment portfolio of 11 properties offered at a significant discount for the entire portfolio.
At the junction of two state highways with excellent access from two streets. 12 minutes from downtown Atlanta, At the crossroads of thoroughfares connecting Jonesboro with Lake City Morrow Riverdale, Ellenwood, Union City, Forest Park, and all points south.
- High income low overhead "cash cow"
- Presently 100% occupied with excellent rental history
- Frontage on 2 streets. Near County and City government complexes
- Diverse tenant base ranging from a chiropractor to a Tae Kwon Do studio
- Owner participation in financing available
- Part of an investment portfolio of 11 properties. contact for details.
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