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5155 Highway 9 - Mardi Gras Plaza, Alpharetta, GA

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5155 Highway 9 - Mardi Gras Plaza

Alpharetta, GA 30004 - Cumming/Forsyth Cnty Ret Submarket


Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:2004
Building Size:13,930 SF Land Area:4.18 AC (182,081 SF)
% Leased:
For Sale Price:$3,250,000 Price/SF:$233.31
Cap Rate:7.02 %
Smallest Space:750 SF Largest Space:1,400 SF Total Space Avail:4,250 SF Rent/SF/Yr:
$11.50
Parking:60 Surface spaces are available; Ratio of 4.31/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,050 SF
$11.50/SF/Yr
Negotiable
3 yrs
Retail
 1st
1,050 SF
$11.50/SF/Yr
Negotiable
3 yrs
Retail
 1st
1,400 SF
$11.50/SF/Yr
Vacant
3 yrs
Retail
 2nd
750 SF
$11.50/SF/Yr
Vacant
3 yrs
Office
 
9627982
9627981
6336772
10786672


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,050 SF
$11.50/SF/Yr
Negotiable
3 yrs
Retail
1st
1,050 SF
$11.50/SF/Yr
Negotiable
3 yrs
Retail
1st
1,400 SF
$11.50/SF/Yr
Vacant
3 yrs
Retail
2nd
750 SF
$11.50/SF/Yr
Vacant
3 yrs
Office

Sale Notes:
Value Add property. 2 retail buildings done in a tasteful, New Orleans-style design. They are laid out in an "L" configuration. Very well maintained buildings. No deferred maintenance. The pride of ownership truly shows through here! The two buildings have 29,690 total SF, of which 28,570 is leasable, the rest is storage space. NOTE: There are a number of short term leases here, which we are in the process of negotiating renewals on. NOI indicated is based on the current, actual income. See the attached rent roll for details.

David Realty Partners LLC
Alan Callioni
(770) 904-2389


David Realty Partners LLC
Alan Callioni
(770) 904-2389



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