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222 Highland Crossing; Ellijay, GA 222 Highland Xing 14,962 SF Office Building Ellijay, GA 30540 $3,495,000 ($233.59/SF) 4.82% Cap Rate
Investment Highlights
- Fully leased through January 2034 with a 5 year option through Jan 2039
- Great location/high traffic/retail and commercial area of East Ellijay
Executive Summary
REDUCED! - Fully leased Commercial/Medical Office Building in Ellijay, GA. Built in 2018, the approximately 15,000 SF building sits on 1.97 acres just off Hwy 515. The building is fully leased to the State of Georgia through January 2034 with an additional 5 year option period that would run through January 2039.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$310,870
|
$20.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$310,870
|
$20.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$142,402
|
$9.52
|
| Net Operating Income |
$168,468
|
$11.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $310,870 |
| Annual Per SF | $20.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $310,870 |
| Annual Per SF | $20.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $142,402 |
| Annual Per SF | $9.52 |
| Net Operating Income | |
|---|---|
| Annual | $168,468 |
| Annual Per SF | $11.26 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,962 SF
Building Class
B
Year Built
2018
Price
$3,495,000
Price Per SF
$233.59
Cap Rate
4.82%
NOI
$168,468
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,962 SF
Building FAR
0.17
Lot Size
1.97 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial Service District
Parking
75 Spaces (5.01 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Central Heating
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2067-106AQ | Improvements Assessment | $1,102,584 (2025) |
| Land Assessment | $200,000 (2025) | Total Assessment | $1,302,584 (2025) |
Property Taxes
Parcel Number
2067-106AQ
Land Assessment
$200,000 (2025)
Improvements Assessment
$1,102,584 (2025)
Total Assessment
$1,302,584 (2025)
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222 Highland Crossing; Ellijay, GA | 222 Highland Xing