4151 Memorial Dr | Decatur, GA 30032
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4151 Memorial Dr
Decatur, GA 30032
Kensington Office Park · Office Property For Sale
INVESTMENT HIGHLIGHTS
- High occupancy, stabilized office park, with upside on lease renewals and/or releasing of suites - 9.9% cap rate on in place income.
- Approximately 2 acres of developable land included in sale valued at $350,000/acre
- Easy access from I-285 and I-20
- Located in Federally Designated Opportunity Zone
PROPERTY FACTS
Property Type
Office
Building Size
41,843 SF
Building Class
C
Year Built
1974
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,000 SF
Building FAR
0.18
Lot Size
5.26 AC
Zoning
OI
Parking
350 Spaces (8.36 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Metro/Subway
ABOUT 4151 MEMORIAL DR , DECATUR, GA 30032
High occupancy, cash flowing 2 story, suburban office park located in a Federally designated opportunity zone in DeKalb County, GA near cities of Decatur, Avondale Estates and Stone Mountain. 96% leased and occupied as of May 2019. Very close to Kensington MARTA station, I-285/Memorial Drive. Property includes approximately 2 acres of developable land/pad sites for new building construction/build to suit.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $589,522 | |
| Land Assessment | $298,294 | Total Assessment | $887,816 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$298,294
Improvements Assessment
$589,522
Total Assessment
$887,816
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