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t r a n s l a t e

100% Leased Medical Office Building | 6.2% Cap Rate | Ellijay, GA

433 Highland Parkway
Ellijay, GA 30540
PRICE : $5,350,000
CAP RATE: 6.2%
PROPERTY TYPE: Office
BUILDING SIZE: 18,609 SF
YEAR BUILT: 2015

Highlights

  • 18,609 SF Medical Office Building located in beautiful Ellijay, GA, between Jasper and Blue Ridge
  • Leases are NNN with annual escalations
  • Minimal landlord responsibilities
  • Very strong creditworthy tenants including a major health system

Description

Bull Realty is pleased to offer to qualified investor the opportunity to acquire the Highland Parkway Professional Building in Ellijay, GA. This two-tenant, 100% leased, medical office building is anchored by Northside Hospital, an Atlanta based health system powerhouse. The other tenant is Digestive Healthcare of Georgia, a well-established, multi-location practice.

The property itself is in a fast-growing community adjacent to Manor Lake Living, a Memory Care & Independent Living facility. Centrally located between Jasper and Blue Ridge, this property is strategically located.

Northside currently utilizes 3,714 SF for their OB/GYN and Pulmonology Clinics. The remainder of the 10,905 SF space is currently in shell form and being evaluated for build-out to include Primary Care and Cardiology. Northside just exercised a 5-year option to extend.

Digestive Healthcare of Georgia occupies 3,990 SF and runs a very successful gastroenterology clinic offering a full range of services including consultations, procedures, clinical research trials and overall compassionate advanced digestive care. This practice has 21 physicians and 8 locations.

If you would like to pursue this opportunity, please return the Confidentiality Agreement on the last page of this Offering Memorandum. Once received, we will forward you the rent roll, income & expense statement and any other reasonably requested items.

The Seller will move forward with the first acceptable offer.

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