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Single-Tenant | 7.5% Cap Rate | 13-Year Lease 1335 Citizens Pky 14,579 SF Office Building Morrow, GA 30260 $8,680,069 CAD ($595.38 CAD/SF) 7.50% Cap Rate
Executive Summary
Opportunity to acquire a renovated, long term state government leased facility in Morrow, a popular Atlanta submarket. The lease is fully guaranteed by the AAA credit of the State of Georgia.
The facility was renovated in 2024 for the Georgia Department of Community Supervision (DCS). Extensive remodeling plus capital improvements including HVAC, parking lot and a new roof were completed to suit the tenant.
DCS is an essential service facility managing community supervision through a network of 55 field offices across the state.
DCS is well located in the main commercial and retail area of Morrow. Morrow is a popular bedroom community in the Atlanta area MSA.
The facility was renovated in 2024 for the Georgia Department of Community Supervision (DCS). Extensive remodeling plus capital improvements including HVAC, parking lot and a new roof were completed to suit the tenant.
DCS is an essential service facility managing community supervision through a network of 55 field offices across the state.
DCS is well located in the main commercial and retail area of Morrow. Morrow is a popular bedroom community in the Atlanta area MSA.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,579 SF
Building Class
C
Year Built/Renovated
1984/2024
Price
$8,680,069 CAD
Price Per SF
$595.38 CAD
Cap Rate
7.50%
NOI
$651,410 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,579 SF
Building FAR
0.30
Lot Size
1.13 AC
Zoning
HI - Allows industrial, office, and government office
Parking
70 Spaces (4.8 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Georgia Department of Community Supervision
- Public Administration
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Georgia Department of Community Supervision | Public Administration | 99,999 SF | - | Jan 0000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-0081C-00A-013 | Improvements Assessment | $641,915 CAD |
| Land Assessment | $37,071 CAD | Total Assessment | $678,986 CAD |
Property Taxes
Parcel Number
12-0081C-00A-013
Land Assessment
$37,071 CAD
Improvements Assessment
$641,915 CAD
Total Assessment
$678,986 CAD
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Single-Tenant | 7.5% Cap Rate | 13-Year Lease | 1335 Citizens Pky
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