Office Property For Sale - Clayton Transitional Facility

242 Falcon Drive, Atlanta, GA, 30288

 
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Office For Sale
Atlanta, GA
Georgia

Clayton Transitional Facility

 

242 Falcon Drive

Atlanta, Georgia 30288
County: Fulton
 
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  For Sale Active  
Property Use Type:Investment
Type:Office
Institutional/Governmental
Building Size:48,000 SF
Occupancy:100.00%
Price:$9,560,000
Price/SF:$199.17
Cap Rate:5.00%
Year Built:2004
Date Last Verified:12/15/2008
Property ID:15158388
 
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 Additional Information 

Property Description:
New Dept of Corrections Transitional Facility (Non violent offenders who actually pay to go to the program/ facility) Facility is aprox 48,000 sf / 225 beds. Excellant brick and block construction (half of which is only 4 years old) Master Lease is 20 years with 15+ years remaining. 3.75% annual escalations . BOND STATUS INVESTMENT

Location Description:
Directly off Interstate I-75 and I-285 (Atlanta's Perimeter Highway) and also located only 1 mile from Hartsfield International Airport which is the countries busiest Airport.

No. Stories:2
 Highlights 
•Government Lease•3.75% yearly lease escalations
 
•Dept of Corrections Lease (Highest Grade )•20 years of lease renewal options
 
•New Construction ( Institutional Grade)•EXTREMELY SAFE Investment Vehicle (Bond Status)
  Financial Summary Actual  
Net Operating Income:$446,250
 
  Major Tenant Information
Tenancy Type: Single
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
5/30/2007
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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.
 
 

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