1325 Satellite Blvd - Medical FOR SALE


Suwanee, GA 30024
$5,950,000 USD
404-876-1640
1325 Satellite Blvd, Suwanee, GA for Sale
$5,950,000 USD
Medical - FOR SALE
1/17
null | 6.47% Cap Rate

1325 Satellite Blvd
Suwanee, GA 30024


HIGHLIGHTS

  • Exquisite ±13,280 SF two-story brick office building. Strong tenant – Psychiatric Professionals of Georgia. 6.5% cap rate - $385,120 NOI.
  • 10 Year lease with through 2034. Renewals of 15 to 20 years. Operating expenses passed through to tenant.
  • Built in 2008 with $3,184,448 renovation in 2023.
  • Possible to add $4.2 million leased building next door.
  • Please do not disturb the tenant.
  • 3% annual base rent escalations.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office Building Investment

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

O&I

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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

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

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