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Single-Tenant | 7.5% Cap Rate | 13-Year Lease 1335 Citizens Pky 14,579 SF Office Building Morrow, GA 30260 $6,350,000 ($435.56/SF) 7.50% Cap Rate
Executive Summary
Opportunity to acquire a renovated, long term state government leased facility in Morrow, a popular Atlanta submarket. The lease is fully guaranteed by the AAA credit of the State of Georgia.
The facility was renovated in 2024 for the Georgia Department of Community Supervision (DCS). Extensive remodeling plus capital improvements including HVAC, parking lot and a new roof were completed to suit the tenant.
DCS is an essential service facility managing community supervision through a network of 55 field offices across the state.
DCS is well located in the main commercial and retail area of Morrow. Morrow is a popular bedroom community in the Atlanta area MSA.
The facility was renovated in 2024 for the Georgia Department of Community Supervision (DCS). Extensive remodeling plus capital improvements including HVAC, parking lot and a new roof were completed to suit the tenant.
DCS is an essential service facility managing community supervision through a network of 55 field offices across the state.
DCS is well located in the main commercial and retail area of Morrow. Morrow is a popular bedroom community in the Atlanta area MSA.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,579 SF
Building Class
C
Year Built/Renovated
1984/2024
Price
$6,350,000
Price Per SF
$435.56
Cap Rate
7.50%
NOI
$476,546
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,579 SF
Building FAR
0.30
Lot Size
1.13 AC
Zoning
HI - Allows industrial, office, and government office
Parking
70 Spaces (4.8 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Georgia Department of Community Supervision
- Public Administration
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Georgia Department of Community Supervision | Public Administration | 99,999 SF | - | Jan 0000 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-0081C-00A-013 | Improvements Assessment | $469,600 |
| Land Assessment | $27,120 | Total Assessment | $496,720 |
Property Taxes
Parcel Number
12-0081C-00A-013
Land Assessment
$27,120
Improvements Assessment
$469,600
Total Assessment
$496,720
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Single-Tenant | 7.5% Cap Rate | 13-Year Lease | 1335 Citizens Pky
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