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755 Old Norcross Road - Medical Center Prof Park, Lawrenceville, GA

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DetailMap
755 Old Norcross Road - Medical Center Prof Park

Lawrenceville, GA 30046-4317 - Lawrenceville/Lilburn Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:2003
Stories:2 Typical Floor:3,058 SF Building Size:6,699 SF
Smallest Space:6,117 SF Largest Space:6,117 SF Total Space Avail:6,117 SF Rent/SF/Yr:
$18.00
Parking:30 Surface spaces are available; Ratio of 4.48/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 GRND
6,117 SF
$18.00/SF/Yr
03/2017
Negotiable
Office
 
10612158
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
GRND
6,117 SF
$18.00/SF/Yr
03/2017
Negotiable
Office
755 Old Norcross Road is a medical office sale/leaseback investment opportunity priced at $1,440,000 or a 7.5% cap rate. The seller's pediatric practice will enter into a ten year absolute net lease for the building at an initial rent of $108,000 per year, with 2% annual increases. The seller, Dr. Anu Sheth, will guaranty the lease for ten years. The medical practice was founded by Dr. Sheth in 1989 and has been voted the best pediatric practice in Gwinnett County for the years 2004 and 2005. The 6,699 square foot building is new construction dating from 2003. The location of the property is in a dedicated medical office park a few minutes drive from Gwinnett Medical Center (GMC), a 479 bed acute care hospital. GMC experienced a 4% increase in patient visits in 2004. In a five mile radius, average household incomes exceed $80,000 annually.



Perimeter Commercial Real Estate
Robert Pond
(770) 988-5550 x103

Aaron Karasik
(770) 988-5550



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