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South DeKalb Professional Building 2855 Candler Rd 17,500 SF 100% Leased Office Building Decatur, GA 30034 $3,489,800 CAD ($199.42 CAD/SF) 9.03% Cap Rate
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
Building Size
17,500 SF
Building Class
B
Year Built/Renovated
1973/2003
Price
$3,489,800 CAD
Price Per SF
$199.42 CAD
Cap Rate
9.03%
NOI
$315,236 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,500 SF
Building FAR
0.22
Lot Size
1.85 AC
Zoning
C1 - Commercial
Parking
91 Spaces (5.2 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 15-120-02-090 | Improvements Assessment | $897,536 CAD |
| Land Assessment | $277,213 CAD | Total Assessment | $1,174,748 CAD |
PROPERTY TAXES
Parcel Number
15-120-02-090
Land Assessment
$277,213 CAD
Improvements Assessment
$897,536 CAD
Total Assessment
$1,174,748 CAD
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South DeKalb Professional Building | 2855 Candler Rd
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