Medical Office Building Investment | 1325 Satellite Blvd
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Medical Office Building Investment 1325 Satellite Blvd
13,280 SF Office Building Suwanee, GA 30024 £4,700,559 (£354/SF) 6.47% Net Initial Yield
Investment Highlights
- Exquisite ±13,280 SF two-story brick office building. Strong tenant – Psychiatric Professionals of Georgia. 6.5% cap rate - $385,120 NOI.
- Built in 2008 with $3,184,448 renovation in 2023.
- Please do not disturb the tenant.
- 10 Year lease with through 2034. Renewals of 15 to 20 years. Operating expenses passed through to tenant.
- Possible to add $4.2 million leased building next door.
- 3% annual base rent escalations.
Executive Summary
Opportunity to acquire a beautiful ±13,280 SF two story brick office building with a strong medical tenant on a ten-year triple net lease. The tenant, Psychiatric Professionals of Georgia, has been in business 41 years with a strong practice and healthy track record.
This location is ideal in the Gates at Sugarloaf development in the affluent Suwanee submarket of Atlanta, Georgia. Within a two mile radius the average household income is just over $125,000 per year and the median home value is $318,720.
This location is ideal in the Gates at Sugarloaf development in the affluent Suwanee submarket of Atlanta, Georgia. Within a two mile radius the average household income is just over $125,000 per year and the median home value is $318,720.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,280 SF
Building Class
B
Year Built
2008
Price
£4,700,559
Price Per SF
£354
Net Initial Yield
6.47%
NOI
£304,249
Tenancy
Single
Number of Floors
2
Typical Floor Size
6,640 SF
Building FAR
1.91
Land Acres
0.16 AC
Zoning
O&I - Office & Institutional
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully Furnished.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1501 | 1,564 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 1501
| Size |
| 1,564 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 1501
| Size | 1,564 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully Furnished.
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PROPERTY TAXES
| Parcel Number | 7-155-533 | Improvements Assessment | £81,740 |
| Land Assessment | £316 | Total Assessment | £82,056 |
PROPERTY TAXES
Parcel Number
7-155-533
Land Assessment
£316
Improvements Assessment
£81,740
Total Assessment
£82,056
-
Michael Bull -
Austin Bull -
Bull Realty Inc.
(404) 876-1640
x101
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Medical Office Building Investment | 1325 Satellite Blvd
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