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4827-4903 Old National Hwy
College Park, GA 30337
International Plaza · Retail Property For Sale
Investment Highlights
- Stable 94.96% occupancy.
- 20 acres strategically located on Old National Highway at the convergence of I - 85 and 285 - Unreplaceable location near airport.
- 8% cap rate on existing income.
- Opportunity to increase NOI by growing the current below market rates.
- 20 acres of underlying land has a value equal to or above list price.
Executive Summary
STABLE INCOME TODAY:GROWTH TOMORROW
Multi-tenant retail shopping center strategically located along Old National Highway and the convergence of Interstate 85 and 285. Exceptional visibility, accessibility and exposure in one of south metro Atlanta's most active commercial corridors. Property is 94.96% occupied allowing an investor to receive a strong initial return of an 8% cap rate. The stategic location of the center located at the airport has a land value equal to or greater than the list price.
Multi-tenant retail shopping center strategically located along Old National Highway and the convergence of Interstate 85 and 285. Exceptional visibility, accessibility and exposure in one of south metro Atlanta's most active commercial corridors. Property is 94.96% occupied allowing an investor to receive a strong initial return of an 8% cap rate. The stategic location of the center located at the airport has a land value equal to or greater than the list price.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
160,836 SF
Building Class
B
Year Built/Renovated
1969/2010
Price
$13,841,141 CAD
Price Per SF
$86.06 CAD
Cap Rate
8%
NOI
$1,107,291 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
20.00 AC
Zoning
C2 - Retail and commercial
Parking
1,023 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
880’ on Old National Hwy
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Monument Signage
Property Taxes
| Parcel Number | 13-0061-LL-182-6 | Improvements Assessment | $2,075,672 CAD |
| Land Assessment | $1,613,604 CAD | Total Assessment | $3,689,276 CAD |
Property Taxes
Parcel Number
13-0061-LL-182-6
Land Assessment
$1,613,604 CAD
Improvements Assessment
$2,075,672 CAD
Total Assessment
$3,689,276 CAD
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