405 Gaines School Rd - Office/Residential FOR SALE


Athens, GA 30605- Cedar Creek
$750,000 USD
404-281-5002
405 Gaines School Rd, Athens, GA for Sale
$750,000 USD
Office/Residential - FOR SALE
1/20
null | 6.91% Cap Rate

405 Gaines School Rd
Athens, GA 30605
Cedar Creek


OVERVIEW

A 4,664 SF multi-tenant office building on 1.089 acres at the corner of Gaines School Road and Ponderosa Drive in east Athens, fully leased across six suites to health care, wellness and professional service users. In-place net operating income is $51,811. At $750,000 that is a 6.91% cap rate and $160.81 per square foot. Suites run from roughly 250 to 2,700 SF, with a weighted average remaining lease term of about 3.0 years. Leases are gross. Operating expenses run 32.0% of gross income, or $5.24 per square foot. Rent roll, lease abstracts and operating detail are available to qualified buyers under a confidentiality agreement.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C-O

APN/PARCEL ID

233D1-D-002

ASK ABOUT THIS PROPERTY

Jake Blickenstaff, CCIMUC Premier Properties First TeamMore Info
404-281-5002

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Jake Blickenstaff, CCIMUC Premier Properties First TeamMore Info
404-281-5002

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