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2230 Towne Lake Pky - Bldg. 1000 Ste. 120 1,136 SF Office/Medical Condo Unit Offered at $273,446 CAD in Woodstock, GA 30189
Property Facts
| Total Building Size | 5,680 SF | Typical Floor Size | 1,136 SF |
| Property Type | Office (Condo) | Year Built | 1999 |
| Property Subtype | Medical | Lot Size | 5.29 AC |
| Building Class | C | Parking Ratio | 0.88/1,000 SF |
| Floors | 1 | ||
| Zoning | Commercial Condo - Commercial Condo | ||
| Total Building Size | 5,680 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 1,136 SF |
| Year Built | 1999 |
| Lot Size | 5.29 AC |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | Commercial Condo - Commercial Condo |
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
1 Unit Available
Unit 120
| Unit Size | 1,136 SF | Sale Type | Investment or Owner User |
| Price | $273,446 CAD | Cap Rate | 6.08% |
| Price Per SF | $240.71 CAD | NOI | $16,611.85 CAD |
| Condo Use | Office/Medical | No. Parking Spaces | 5 |
| Unit Size | 1,136 SF |
| Price | $273,446 CAD |
| Price Per SF | $240.71 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.08% |
| NOI | $16,611.85 CAD |
| No. Parking Spaces | 5 |
Description
**** OWNER FINANCING****
Towne Lake Business Park located in Towne Lake Woodstock, GA Professional office park with professional Dentist, Orthopedic practice, Attorneys, CPA, Med Spa, Autism Center for Children and many other businesses
Medical Office Space was built out for a Dermatology practice with hospital grade wiring & plumbing. Lease rate is $1,400 a month includes CAM $14.79 SF/Y offered for a 3-7 year lease. ***OWNER PAYS REAL ESTATE TAXES*** The office space is in excellent move in condition, custom cabinets, undercabinet lighting, speakers & volume controls in every room, new paint, furnace & A/C coil, hot water heater 2022, LED recessed lighting. New office added for physician's office or practice manager.
Tenants pay gas, electric, water billed quarterly. WIFI ( comcast business) & Security System are available if wanted, dumpster provided for trash. NO RESERVE PARKING.
***UNIT IS NOT OCCUPIED CURRENTLY BUT IS BEING ADVERTIZED FOR LEASE ON LOOPNET*** HAS BEEN LEASED SINCE 1999***
*** Contact owner for commission rate***
Sale Notes
****OWNER FINANCING ONLY- NO CASH BUYERS**** $76,000 invested for medical build out.
Sales Price $200,000- $30,000 Down Payment-Mortgage Amount $170,000
10 year fixed rate 6.5%
20 Year Amortization Schedule with 10 year Balloon balance $110,962
P&I- $ 1,267 Monthly -Total Yearly Payment $15,204
CAM- $198
TOTAL: $1,465 Required monthly, other fees can be paid yearly
YEARLY WRITE OFFS:
Interest 1st Year- $10,759
CAM- $198.00 x 12= $2376
Taxes- $ 162.50 x 12= $1951
Ins.- $ 13.00 x 12 = $156
TLCA- $ 13.89 x 12= $167
(Towne Lake Commercial Association)
Depreciation: 39 years -Land Value 75,000
Bldg. Value: $125,000 /39 = $3,205 Depreciation per year
TOTAL WRITE OFFS FIRST YEAR : $18,614
Rental Income When Leased: $16,800
Other Expenses:
CAM- $198.00 x 12= $2376
Taxes- $ 162.50 x 12= $1951
Ins.- $ 13.00 x 12 = $156
TLCA- $ 13.89 x 12= $167
(Towne Lake Commercial Association)
NOI: $12,150
Cap Rate: 6.08%
Presented by
Towne Lake Management Services, Inc.
2230 Towne Lake Pky - Bldg. 1000 Ste. 120
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