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South DeKalb Professional Building 2855 Candler Rd 17,500 sq ft 100% Let Office Property Decatur, GA 30034 £1,869,150 (£106.81/sq ft) 9.03% Net Initial Yield
INVESTMENT HIGHLIGHTS
- ±17,500 SF Medical Office Building
- New TPO roof installed 2024
- Located in densely populated area of Atlanta | Located within close proximity to I-285 & I-20
- Sale Price: $2,500,000 | NOI: $225,827 | Cap Rate: 9%
- 100% Occupied with strong historical occupancy
- Located less than 10 miles from Hartsfield-Jackson Atlanta International Airport
EXECUTIVE SUMMARY
Located in South DeKalb, this property is a 100% occupied, neighborhood, medical office building with practices including chiropractor, podiatrist, primary care, hair replacement and orthodontist. This well-established building has been occupied by some of the current tenants for over 20 years. It is situated just inside I-285 (ITP), near I-20, at the main entrance of The Gallery at South DeKalb regional mall. Located at the signalized intersection, there are easy ingress/egress points as well as a MARTA bus stop.
Additionally, the property is within close proximity to the oldest golf course in the city of Atlanta, East Lake Golf Club, as well as Georgia State University’s Perimeter Campus and Hartsfield-Jackson Atlanta International Airport.
Additionally, the property is within close proximity to the oldest golf course in the city of Atlanta, East Lake Golf Club, as well as Georgia State University’s Perimeter Campus and Hartsfield-Jackson Atlanta International Airport.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
17,500 sq ft
Costar Property Class
B
Year Built/Renovated
1973/2003
Price
£1,869,150
Price per sq ft
£106.81
Yield
9.03%
NOI
£168,842
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
17,500 sq ft
Plot ratio
0.22
Total Plot Size
1.85 ac
Use Class
C1 - Commercial
Parking
91 Spaces (5.2 Spaces per 1,000 sq ft Leased)
1 1
PROPERTY TAXES
| Parcel Number | 15-120-02-090 | Improvements Assessment | £479,833 |
| Land Assessment | £148,201 | Total Assessment | £628,034 |
PROPERTY TAXES
Parcel Number
15-120-02-090
Land Assessment
£148,201
Improvements Assessment
£479,833
Total Assessment
£628,034
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South DeKalb Professional Building | 2855 Candler Rd
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