2840 E West Connector - Health Club FOR SALE


Austell, GA 30106
$8,900,000 USD
2840 E West Connector, Austell, GA for Sale
$8,900,000 USD
Health Club - FOR SALE
1/21
null | 6.51% Cap Rate

2840 E West Connector
Austell, GA 30106


HIGHLIGHTS

  • Value Add Opportunity: 1-Acre Pad Site. Estimate land value of $500,000. 7.8% Pro-Foma cap rate with outparcel lease.
  • WALT: 7.3 years
  • Institutional quality tenants with long leasing history

OVERVIEW

- 35,850 SF Institutional Healthcare & Experiential Power Center. - 20% Immediate NOI Upside: Rents are currently ±24% below submarket averages. - Institutional Healthcare Anchor: Features Wellstar Pediatrics, part of the largest and most dominant healthcare network in Georgia - Strategic 1-Acre Outparcel: Included in sale; approved for 3,000 SF drive-thru development. - Dominant Medical & Retail Corridor: Unmatched positioning within the high-traffic medical and retail district of the Austell/Powder Springs submarket. Inquire to sign CA to see the OM.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regal Pavillion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

1262

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

CRC/LRO, County

APN/PARCEL ID

19-0788-0-002-0

ASK ABOUT THIS PROPERTY

Jon KontopidisApex Asset ManagementMore Info

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Jon KontopidisApex Asset ManagementMore Info

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