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194 Jonesboro Road, Jonesboro, GA 30236
14,400 SF | Office
Jonesboro Rd view
Office Property - Off Market
- Building Size:
- 14,400 SF
- Property Type:
- Property Sub-type:
- Office Building
- Additional Sub-types:
- Medical Office
- Office-Business Park
- Free Standing Bldg
- Property Use Type:
- Commission Split:
- Cap Rate:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 0.90 AC
- APN / Parcel ID:
- Parking Ratio:
- 2.70 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- 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.
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.
Map of 194 Jonesboro Road, Jonesboro, GA 30236 (Clayton County)
Research for 194 Jonesboro Road, Jonesboro, GA 30236 (Clayton County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO