405 Gaines School Rd Athens, GA 30605
Office
MLS #: CL364952
Courtesy Of Virtual Properties Realty
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Appliance: Electric Water Heater
- Cooling System: Heat Pump
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Stucco
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: x
- MLSID: CL364952
- Parking Spaces: 31
MAP & DIRECTIONS
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