854 Washington St NW
Gainesville, GA 30501
Office Property For Sale

In the historic downtown Gainesville location, on the hard corner of West Avenue and Washington St., this is a property with excellent visibility and a long term tenant Hamilton Bank (now Ameris Bank) with over 10 years of operations and local clientele, and a drive thru, this tenant will be renewing again in 2020 as they always have done. Tenant #2 is a national Insurance company with a recent $200,000 investment in the space and a new renewal through 2022. Great location, tenants, and property with a strong 7.3% Cap. This property is priced to sell. escalations annually. Beautiful Corner property with National tenants, a popular local bank with over 1.8B in assets established with over 10,000 local customers at that branch and a national insurance company with this very successful location upstairs , 2 tenants, paying rent since 2005, renewing every 5-7 years, and reimbursing landlord for all expenses, with each tenant paying 50% of all expenses on top of the rental payment every month. All tenants are staying and will renew in 2020 and 2022, with significant new interior investments. A fantastic opportunity for long term rental income with limited to no management required. HAMILTON STATE BANK (Now Ameris Bank) Named after Alexander Hamilton, the first Secretary of the Treasury to the United States, Hamilton State Bank was established in 2004 with a single location in Braselton, GA, to serve the growth of north metro Atlanta and northeast Georgia. Since then, Hamilton State Bank, through expansion and acquisitions, has grown to twenty-nine locations throughout metro Atlanta and north Georgia. Hamilton State Bank is one of Georgia's largest privately held commercial banks with assets of over $1.8 billion. INSURANCE OFFICE OF AMERICA Insurance Office of America is one of the nation's premier insurance firms specializing in property and casualty insurance, group benefits, personal insurance, and 401 (k)'s. Founded in 1988 in Apopka, FL, IOA has since grown to over seventy locations throughout the United States and London, England. IOA was recently ranked as the 13th largest privately held insurance agency in the US by the Insurance Journal, as well as ranked 25th on the Business Insurance 2016 100 largest broker lists. IOA currently employs over 1,000 people throughout the US, serving over 50,000 customers, with a gross revenue of over $181 million in 2016. OFFERING SUMMARY PROPERTY HIGHLIGHTS • 100% occupied office building available for sale • 13,502+/- square feet • 1.41+/- acres • 55 parking spaces (4.07 / 1000 SF) • Two story brick office building • Property is leased to two strong tenants with a long rental history at this location. • Property is located within walking distance to downtown historic Gainesville, GA. • Gainesville/Hall County was ranked top small metro area in Georgia and top 10 in the nation for best performing small metros by the Milken Institute Report