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199 W West Gary Rd
Commerce, GA 30529
Brookside Commerce · Health Care Property For Sale
·
37,528 SF
PROPERTY FACTS
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built | 2004 |
| Building Class | C | Tenancy | Single |
| Lot Size | 4.53 AC | Parking Ratio | 0.61/1,000 SF |
| Building Size | 37,528 SF | ||
| Zoning | B2 - General or Community Business | ||
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 4.53 AC |
| Building Size | 37,528 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Tenancy | Single |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | B2 - General or Community Business |
AMENITIES
- Wheelchair Accessible
ABOUT 199 W WEST GARY RD , COMMERCE, GA 30529
Marcus & Millichap is pleased to announce the exclusive listing of Brookside Commerce. Brookside Commerce, formerly a Brookdale property is a 39,558 square foot, 54 unit senior housing community offering assisted living, memory care and dementia related services. This asset is a personal care licensed, 68 bed private pay facility with 12 independent living homes. The subject property located just outside of Athens, Georgia was constructed in 1998, occupies 4.53 acre and was recently renovated in October 2016. Brookside Commerce is located at 199 W. Gary Road, Commerce GA, just 2 miles from a major retail corridor including Tanger Outlets off Interstate 85. (Approximately 1 hour north of Atlanta) As an investment opportunity, Brookside Commerce offers tremendous upside potential. There is ample room to grow rents and improve occupancy from its current 80 percent. Still, the current financials offer a 9.19 percent cap rate, debt coverage of 2.14 and a total return of 22.11 percent - including with reserves and a management fee. Athens MSA
