110 Samaritan Dr - Medical CONDO FOR SALE
Cumming, GA 30040 |
$596,000 USD
803-882-8446
110 Samaritan Dr
Cumming, GA 30040
HIGHLIGHTS
- Leased to a national medical chain tenant, Geode Health, with multiple extension options.
- Projected 7% cap rate supported by long-term lease and steady rental escalations.
- Recently updated with a new roof and security system for reduced maintenance costs.
- Includes an additional 200+ square feet shared by attorneys, adding flexibility and revenue potential.
- Approximately 80 surface parking spaces available within the complex for tenant and visitor convenience.
- Located near Canton Road with connectivity to surrounding retail, business, and residential areas.
OVERVIEW
Location! Location! Location! Located in Downtown Cumming. Offering maximum frontage and easy ingress and egress! This well-maintained space presents a unique investment opportunity in an excellent location, close to Canton Road. With a national chain tenant already in place, this property ensures a steady income stream, making it a sound investment choice.
FOR SALE DETAILS
PRICE
$596,000 USD
PRICE/SF
$248 USD /SF
CAP RATE
7%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Storefront Retail/Office, Loft/Creative Space, Service
TOTAL BUILDING SIZE
26,400 SF
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
1.82 AC
LAND SF
79,279 SF
ZONING
O1/GC
APN/PARCEL ID
C08-122,C08-130
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803-882-8446
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803-882-8446
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