Memorial Medical Office Park Office FOR SALE


Decatur, GA
$3,025,000 USD
404-285-9150
, Decatur, GA for Sale
$3,025,000 USD
Office - FOR SALE
1/4
null | 8.15% Cap Rate

Memorial Medical Office Park
Decatur, GA


HIGHLIGHTS

  • Single-Tenant Medical Office Campus for long-term tenant, Genesis Alliance for Mental Wellness, LLC, with recent extension to 2030
  • Approximately 3.0% annual rental rate escalations – upside to protect against inflation
  • CAPex items have been completed over the last 5 years: Roof, Parking Lot, HVAC RTU’s, Interior Bld B
  • Additional income from billboard, which is visible to 200,000 vehicles per day along I-285
  • Strategically located at the northeast corner of Memorial Drive and I-285

OVERVIEW

Ackerman & Co. is pleased to exclusively present for sale the Memorial Medical Office Park and Billboard located in Decatur, GA, uniquely positioned at the northeast quadrant of Memorial Drive and Interstate I-285. The offering contains four buildings with approx. 27,324 SF and a highly visible two-sided billboard on I-285 with nearly 200,000 VPD and over 42,000 VPD on Memorial Drive. The tenant, Genesis Alliance for Mental Wellness has expanded at the office park since 2007. Genesis Alliance for Mental Wellness recently extended the lease through December 2030. The billboard has a lease that can be terminated, providing a Buyer control over the signage and usage. The Property is located at the northeast corner of Memorial Drive and Interstate I-285, adjacent to the Memorial Drive Shopping Center and fronts the entrance ramp onto Interstate I-285. It is also directly across the street from the DeKalb County government complex.

ASK ABOUT THIS PROPERTY

Sean PatrickAckerman & Co.More Info
404-285-9150

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Sean PatrickAckerman & Co.More Info
404-285-9150

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