5026 Snapfinger Woods Dr - Medical FOR SALE
Decatur, GA 30035 |
5026 Snapfinger Woods Dr
Decatur, GA 30035
HIGHLIGHTS
- Maintains 100% occupancy | Current rents 40% below market
- 18% pro forma cap rate via increasing rents to market, 12% cap rate via increasing all rents to current asking and 7.3% cap on actual NOI
- No paid advertising | Vacancies filled by inquiries from monument sign – 17,200 traffic count
- No turnover expenses | Tenancies are for single, double or triple (±210 SF) offices
- Annual leases & subsequent month to month provide ample opportunity to increase rents
- Incredibly easy to operate – easier than apartments | Only 3.5% vacancy in I-20/I-285 office submarket
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Oaks Office Park | ±12,000 SF
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
10000
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.41 AC AC
LAND SF
61,420 SF
ZONING
-
APN/PARCEL ID
16-025-01-013
