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Commerce Point Office Park | ± 37,000 SF

Commerce Point Office Park
Fayetteville, GA 30214
PRICE : $5,650,000
PROPERTY TYPE: Office
SITE SIZE: 3.82 Acres
BUILDING SIZE: 37,000 SF
YEAR BUILT: 1989

Highlights

  • 100 % occupied including through Covid
  • ±37,000 SF small suite office park in fast growing Atlanta suburb
  • Fayette County has 3rd highest average household income in Georgia - $ 122,014
  • 6 % cap rate on in place 33 % below market rents
  • Preset office suites – no buildout, construction, space reconfiguration
  • Operated like apartments without pool, kitchens, appliances, showers, tubs, kids and pets
  • ±670 SF to ±1,700 SF preset office suites with private bathrooms
  • Submarket vacancy rate is 5.1 %
  • 12 miles from Atlanta airport
  • Ease of operation – managed by part time independent contractor

Description

Bull Realty is pleased to present the opportunity to acquire a fully occupied ±37,000 SF small suite office park. The property is easily operated - like apartments with preset fixed suites without the pool, kitchen, pets, appliances, shower, kids. Great upside at a 6% cap rate on in place rents that are approximately 33% below market as demonstrated on pages 13, 14, 15, and 16. The property consists of 33 office suites ranging between 650 and 1,700 sq. ft. It is well located in one of the most prosperous counties in Georgia - average household income of $122,014. Home to 30 international companies, headquarters to many of those, and headquarters to many national companies.

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