1335 Citizens Pky - Office FOR SALE


Morrow, GA 30260
$6,350,000 USD
404-876-1640
1335 Citizens Pky, Morrow, GA for Sale
$6,350,000 USD
Office - FOR SALE
1/10
null | 7.5% Cap Rate

1335 Citizens Pky
Morrow, GA 30260


OVERVIEW

Opportunity to acquire a renovated, long term state government leased facility in Morrow, a popular Atlanta submarket. The lease is fully guaranteed by the AAA credit of the State of Georgia. The facility was renovated in 2024 for the Georgia Department of Community Supervision (DCS). Extensive remodeling plus capital improvements including HVAC, parking lot and a new roof were completed to suit the tenant. DCS is an essential service facility managing community supervision through a network of 55 field offices across the state. DCS is well located in the main commercial and retail area of Morrow. Morrow is a popular bedroom community in the Atlanta area MSA.

FOR SALE DETAILS

PRICE

$6,350,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant | 7.5% Cap Rate | 13-Year Lease

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

HI

APN/PARCEL ID

12-0081C-00A-013

ASK ABOUT THIS PROPERTY

Austin BullBull Realty Inc.More Info
404-876-1640

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Austin BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.