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47 Gramling St 6,000 SF 100% Leased Office Building Marietta, GA 30008 $3,780,257 CAD ($630.04 CAD/SF) 7.72% Cap Rate



Investment Highlights
- Solid curb appeal
- Access via signalized intersection at high-traffic location
- Located near Marietta Square, a hub of retail, dining and entertainment
Executive Summary
Opportunity to acquire building leased to high-quality tenants producing strong NOI
47 Gramling is a two-tenant building offered for sale in the city of Marietta. It is leased to an established area optometrist and a flooring company with eight Atlanta locations. The property is strategically located at the SW corner of Powder Springs Street (40,590 vpd) and Gramling Street, one mile south of Marietta Square, the hub of retail, dining and entertainment for the city of Marietta, positioned north of Downtown Atlanta.
47 Gramling is a two-tenant building offered for sale in the city of Marietta. It is leased to an established area optometrist and a flooring company with eight Atlanta locations. The property is strategically located at the SW corner of Powder Springs Street (40,590 vpd) and Gramling Street, one mile south of Marietta Square, the hub of retail, dining and entertainment for the city of Marietta, positioned north of Downtown Atlanta.
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Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
2022
Price
$3,780,257 CAD
Price Per SF
$630.04 CAD
Cap Rate
7.72%
NOI
$291,662 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.19
Lot Size
0.72 AC
Zoning
OI - Office-Institutional
Parking
34 Spaces (5.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 17-0218-034 | Improvements Assessment | $403,658 CAD |
| Land Assessment | $117,506 CAD | Total Assessment | $521,164 CAD |
Property Taxes
Parcel Number
17-0218-034
Land Assessment
$117,506 CAD
Improvements Assessment
$403,658 CAD
Total Assessment
$521,164 CAD
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47 Gramling St
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