1290 Kennestone Circle 2 Office Properties Offered at $3,150,000 in Marietta, GA

Welcome to 1290 KENNESTONE CIRCLE, MARIETTA, GEORGIA 30066. This two-acre parcel consists of two Williamsburg style, two-story office buildings of approximately 10,000 square feet each, and 136 parking spaces. This property presents a unique investment opportunity for anyone looking for an office building that provides both security and a strong return on investment.
With 19,269 total rentable square feet, this property offers ample space for businesses of all sizes. Currently, there are eighteen tenants paying an average of $19.34 per rentable square foot. The diverse tenant population includes a CPA, chiropractor, mortgage broker, finance company, roofing contractor, logistics company, security company, building maintenance company, management consultant, publishing company, real estate broker, and home health care company.
All tenants are on three-year leases with a minimum annual 3% rent increase (many indexed to the Consumer Price Index). This provides a stable source of income, which will increase over time. The current monthly total rent roll is $29,093, with a current occupancy rate of 94%.
In addition to the stability of existing leases, the property offers ample parking spaces and a convenient location. The property is situated in Marietta, Georgia, which is a thriving business community that is located within minutes of Atlanta. With easy access to major highways and a variety of amenities in the area, tenants will appreciate the convenience of the location.
Investing in this property provides a rare opportunity to acquire a well-maintained and fully leased office building with excellent tenants and a strong return on investment. Don't miss this opportunity to own a piece of prime real estate in a highly desirable location.
Contact us today to schedule a tour and to learn more about this investment opportunity.