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$ 750,000
Est. payment /mo
Active
405 Gaines School Rd Athens, GA 30605
1.03 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL364952
HOA Y/N No
Year Built 1955
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type Office
Source SAV
Property 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.
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.
Location
State GA
County Clarke
Zoning C-O
Direction GPS Friendly
Interior
Heating Central, Electric
Cooling Central Air, Electric, Heat Pump
Appliance Electric Water Heater
Exterior
Utilities Available Underground Utilities
Building
Water Public
Level or Stories 2
Others
Tax ID 233D1 D002
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Virtual Properties Realty
Nearby Locations
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