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1745 Parke Plaza Cir
Stone Mountain, GA 30087
Brookside Stone Mountain · Health Care Property For Sale
·
27,744 SF
PROPERTY FACTS
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built | 1995 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.87 AC | Parking Ratio | 1.08/1,000 SF |
| Building Size | 27,744 SF | ||
| Zoning | C2, County | ||
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 27,744 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | C2, County |
ABOUT 1745 PARKE PLAZA CIR , STONE MOUNTAIN, GA 30087
Marcus & Millichap is pleased to announce the exclusive listing of Brookside Stone Mountain. Brookside Stone Mountain is a 29,980 square foot, 40 unit senior housing community offering assisted living, memory care and dementia related services. This asset is a personal care licensed, 60 bed private pay facility. The two story facility located just outside of Atlanta, Georgia was constructed in 1995, occupies 1.88 acre and was recently renovated in October 2016. Brookside Stone Mountain is positioned 15 minutes east of Atlanta at 1745 Park Plaza Circle, Stone Mountain, GA. It is located in Dekalb County, the third largest county in the state of Georgia. Dekalb County boasts a growth rate over 16 percent since 2000 and forecasts employment increases by more than 24% by 2030. The future for Brookside Stone Mountain is undoubtedly promising, partly because of the renovations, cosmetic upgrades and new fixtures, but also due to continued demand in the area. Currently, the occupancy level exceeds 90 percent with improving financial metrics. The cap rate is 9.25 percent with a debt coverage ratio of 2.15 and a total return of 22.28 percent - properly underwritten with reserves and a management fee. As an investment opportunity, Brookside Stone Mountain offers a stabilized asset with ample upside potential.
PROPERTY TAXES
| Parcel Number | 6-061-226 | Improvements Assessment | $1,401,280 |
| Land Assessment | $98,720 | Total Assessment | $1,500,000 |
PROPERTY TAXES
