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47 Gramling St 6,000 SF 100% Leased Office Building Marietta, GA 30008 $2,690,000 ($448.33/SF) 7.72% Cap Rate
Investment Highlights
- Solid curb appeal
- Access via signalized intersection at high-traffic location
- Located near Marietta Square, a hub of retail, dining and entertainment
Executive Summary
Opportunity to acquire building leased to high-quality tenants producing strong NOI
47 Gramling is a two-tenant building offered for sale in the city of Marietta. It is leased to an established area optometrist and a flooring company with eight Atlanta locations. The property is strategically located at the SW corner of Powder Springs Street (40,590 vpd) and Gramling Street, one mile south of Marietta Square, the hub of retail, dining and entertainment for the city of Marietta, positioned north of Downtown Atlanta.
47 Gramling is a two-tenant building offered for sale in the city of Marietta. It is leased to an established area optometrist and a flooring company with eight Atlanta locations. The property is strategically located at the SW corner of Powder Springs Street (40,590 vpd) and Gramling Street, one mile south of Marietta Square, the hub of retail, dining and entertainment for the city of Marietta, positioned north of Downtown Atlanta.
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Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
2022
Price
$2,690,000
Price Per SF
$448.33
Cap Rate
7.72%
NOI
$207,544
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.19
Lot Size
0.72 AC
Zoning
OI - Office-Institutional
Parking
34 Spaces (5.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 17-0218-034 | Improvements Assessment | $287,240 |
| Land Assessment | $83,616 | Total Assessment | $370,856 |
Property Taxes
Parcel Number
17-0218-034
Land Assessment
$83,616
Improvements Assessment
$287,240
Total Assessment
$370,856
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Contact the Sale Advisor
47 Gramling St