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670 S 8th St 4,856 SF 100% Leased Office Building Griffin, GA 30224 $875,000 ($180.19/SF) 8.58% Cap Rate
Investment Highlights
- Medical office building currently leased to Labcorp, ensuring consistent cash flow.
- Constructed with block and brick, featuring central air conditioning and heating for operational efficiency.
- Easy connectivity to Downtown Griffin and major area thoroughfares within Spalding County.
- Located one block from Wellstar Spalding Regional Hospital, offering convenient healthcare synergy.
- Ample on-site parking and full access to public utilities, including water, sewer, and cable.
Executive Summary
Located one block from Wellstar Spalding Regional Hospital, the site offers excellent connectivity for medical users and the patient community. The property sits on a 0.52-acre lot with available parking and easy access to public utilities, including water, sewer, and cable. With an asking price of $875,000 and strong tenant performance, this property delivers both current cash flow and long-term potential in a well-established medical corridor serving Griffin and surrounding areas.
Property Facts
Major Tenants
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Labcorp began in 1969 as a small clinical laboratory in North Carolina and has grown into a life sciences and healthcare company focused on helping guide health decisions. The company serves patients, healthcare providers, health systems, and biopharma organizations with diagnostic testing, specialty laboratory services, clinical trial testing, real-world data, and commercialization support for therapies. Labcorp also expanded its drug development capabilities through the Covance acquisition, linking laboratory science with research, regulatory support, and development services across its broader business.
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What makes us different from other Orthopedic practices in this area? In many practices, the patient has become “just a number.” The practice has become a big company. There’s just not enough time for good care. At Orthopaedic Solutions, we have maintained the personalized care of a traditional practice. We know you as a person – not just as a condition. Even though we use all the latest technologies, we still maintain the heritage of individual service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Property Taxes
| Parcel Number | 026-02-020 | Improvements Assessment | $270,479 |
| Land Assessment | $36,242 | Total Assessment | $306,721 |
Property Taxes
Contact the Sale Advisor
670 S 8th St