Prime Investment opportunity

Prime Georgia Office Investment -
11.7% Cap Rate

The Opportunity

This is a serious value add opportunity. There is a triple A tenant currently in place, the Social Security Administration, who is on a lease through the Jan 31, 2021. While there is the chance to renew this tenant, a new tenant could substantially increase the value of the building given rent comps in the immediate area. 

Built to LEED Silver specifications in 2011, the asset is in excellent shape with no major capital improvements anticipated in the near future. The parking lot was completely upgraded in 2014 to accommodate additional parking space needs and the current tenant has meticulously maintained the building. 

Please inquire for additional investment details.

1 %
cap rate
1
Suare Footage
1 %
occupancy
$ 1
price/sq ft
1 %
cap rate
1 %
occupancy
1
square footage
$ 0
price/sq ft

Serious Upside Potentail

The current tenant, The Social Security Administration, is on a lease through Jan 31, 2021 and the building is being offered at an 11.7% cap rate. For the new owner, when a new tenant is procured (if the SSA doesn’t renew the lease), there is substantial upside in the rental rate given rent comps in the immediate area. 

Replaceable market rent is $22-24/RSF or $15.50/RSF NNN, which yields an NOI of $294,732. At an 8% cap rate, this yields a $3,684,156 valuation.

Strong Market Fundamentals

Located just outside Atlanta, Morrow is well positioned to capitalize on the growing economy and rapidly expanding urban area. Located in the busy retail corridor near the I-75 ramp, the location sees over 35,000 vehicles per day and is a 12 minute drive from the Atlanta International Airport, the busiest airport in the world.

Property Highlights

$2,300,000

Built in 2011 to LEED Silver specifications this building is in excellent condition. The parking lot was completely upgraded in 2014 and the replaceable market rent is $22-24/RSF. At an 8% cap rate, this yields a $3,684,156 valuation.

  • Excellent Market
  • Built to LEED Silver Specs
  • Excellent Location
  • Upside Potential

Offering Memorandum

Please provide your information below to receive the full offering memorandum.

contact agent

Please use this form to send the agent your message.

Contact Agent

Please use this form to send the agent your message.