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LaGrange MedVentures | Abs Net | Master Lease 1075 Lafayette Pky 22,248 SF Office Building Lagrange, GA 30241 $11,785,000 ($529.71/SF) 7.53% Cap Rate



INVESTMENT HIGHLIGHTS
- Highly Favored Asset Class: Medical outpatient buildings provide investors with favorable tenant types
- Growing Rental Rates: Annual rental increases are imperative to investment real estate, providing a hedge against inflation
- Metro Midpoint: LaGrange sits between two of Georgia’s largest cities and provides a hub for not only commerce and industry
- Passive Lease Structure: The absolute NNN lease included with this property creates a highly passive ownership scenario
- Sticky Tenancy: Apex Medical Surgery Center occupies roughly 23% of the property, making this a highly valuable location
EXECUTIVE SUMMARY
Broker of Record
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
22,248 SF
Building Class
B
Year Built
2015
Price
$11,785,000
Price Per SF
$529.71
Cap Rate
7.53%
NOI
$887,594
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,124 SF
Building FAR
0.16
Lot Size
3.28 AC
Opportunity Zone
Yes
Zoning
CR-MX
1 1
PROPERTY TAXES
| Parcel Number | 050-4B-010-015 | Improvements Assessment | $5,113,880 |
| Land Assessment | $328,000 | Total Assessment | $5,441,880 |
PROPERTY TAXES
Parcel Number
050-4B-010-015
Land Assessment
$328,000
Improvements Assessment
$5,113,880
Total Assessment
$5,441,880
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LaGrange MedVentures | Abs Net | Master Lease | 1075 Lafayette Pky
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