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McKenzie Office Suites 118-124 N McDonough St 12,633 SF 46% Leased Office Building Jonesboro, GA 30236 $2,200,000 ($174.15/SF)
Investment Highlights
- Located in the heart of downtown Jonesboro in the burgeoning Aerotropolis submarket. Steps from Clayton County courthouse as well as Jonesboro City.
- Diversified rent roll with wide array of business sectors, including healthcare and medical office uses.
- In-place executive suites model ideal for capturing market leasing demand, typically with minimal tenant improvement requirements.
Executive Summary
Value-add investment or owner-user opportunity with ability to lease-up remaining executive office suites and drive rental rate growth or reposition asset to attract long-term users.
The property includes a vacant land parcel adjacent to the office buildings.
The property includes a vacant land parcel adjacent to the office buildings.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,633 SF
Building Class
C
Year Built
1970
Price
$2,200,000
Price Per SF
$174.15
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,211 SF
Building FAR
0.43
Lot Size
0.67 AC
Zoning
H-1 - H-1 Historic District - City of Jonesboro
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-0241B-00F-003 | Improvements Assessment | $234,920 |
| Land Assessment | $7,000 | Total Assessment | $241,920 |
Property Taxes
Parcel Number
13-0241B-00F-003
Land Assessment
$7,000
Improvements Assessment
$234,920
Total Assessment
$241,920
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McKenzie Office Suites | 118-124 N McDonough St
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