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Commerce Point Office Park | 8% Cap Rate

Commerce Point Office Park
Fayetteville, GA 30214
PRICE : $3,650,000
CAP RATE: 8%
PROPERTY TYPE: Office
BUILDING SIZE: 37,202 SF
YEAR BUILT: 1989

Highlights

  • ± 37,000 SF office park in popular Fayetteville, GA submarket
  • 8% cap rate on existing under-market rents
  • $9.80/SF average rents compared to $16.70/SF submarket average
  • Strong occupancy history with a balanced variety of stable tenants
  • Small suite sizes, which reduce owner costs and simplifies management
  • Average household income within 3 miles averages $80,705
  • Fayetteville has a predicted 45.6% job growth over the next 10 years
  • Roof warranty through 2034 on all four buildings

Description

Bull Realty is pleased to present the opportunity to acquire a 91% occupied, ± 37,000 SF office park offering an 8% cap rate on existing income with upside potential. Current rents at Commerce Point Office Park average 40% less than the submarket.

The park consists of 33 office suites with an average size of 1,127 SF. The beauty of the smaller suites is there is no requirement to change floor plans and tenant rep fees are typically not involved. This significantly reduces costs and results in simplified management. The stable tenant mix includes healthcare, government, insurance and accounting businesses with strong occupancy history.

Fayetteville, Georgia, is the place to invest. Known for its consistently low unemployment rate, high-quality school system and neighborhoods and first-rate medical facilities, Fayetteville is also home to the renowned Pinewood Studios, Piedmont Fayette Hospital and Fayette Pavilion. The City is also home to numerous local firms, national corporate headquarters and most major retailers.

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