Historical Office Sale Listing - Premier Plaza

Office For Sale

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Premier Plaza

194 Jonesboro Road, Jonesboro, GA 30236

N/A

14,400 SF | Office

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Jonesboro Rd view

Office Property - Off Market

Price:
N/A
Building Size:
14,400 SF
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Medical Office
Office-Business Park
Free Standing Bldg
Property Use Type:
Investment
Commission Split:
2.25%
Cap Rate:
10.01%
Occupancy:
94%
No. Stories:
1
Building Class:
C
Tenancy:
Multiple
Year Built:
1978
Lot Size:
0.90 AC
APN / Parcel ID:
12-048C-00A-0002
Parking Ratio:
2.70 / 1,000 SF
Listing ID
15009611
Last Updated
over 1 year ago

Highlights

  • 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.

Description

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)

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