405 Gaines School RdAthens, GA 30605
Clarke County
Description
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Office
- Year built
- 1955
- Stories
- 2
- Lot size
- 1.03 acres
- Parking spaces
- 31
- Zoning
- C-O
- Days on market
- 31
- MLS® Listing#
- CL364952
Property Features
- Appliances
- Electric Water Heater
- Cooling
- Central Air · Electric · Heat Pump
- Heating
- Central · Electric
- Construction
- Stucco
- Community
- Curbs · Sidewalks
- Utilities
- Underground Utilities
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 233D1 D002
Directions
GPS Friendly
Listing Courtesy: Virtual Properties Realty - 7704955050
Presented by: Jacob Blickenstaff
