Magnolia Office Park | ±21,549 SF | Douglasville, GA
Office Park Drive
Douglasville, GA 30134
| PRICE : | $1,720,000 |
|---|---|
| CAP RATE: | 6.5% |
| PROPERTY TYPE: | Office |
| SITE SIZE: | 5.12 Acres |
| BUILDING SIZE: | 21,549 SF |
| YEAR BUILT: | 2001 |
Highlights
- • ±21,549 SF portfolio of 13 office condominiums for sale in Douglasville, GA
- • Offered at a 6.5% cap rate
- • One-story and two-story office condominiums ranging from ±1,086 - 2,632 SF
- • Select buildings are leased as one unit and others are divided into separate suites
- • Office park situated on ±5.12 acres
- • Located off the busy commercial corridor of Dallas Highway in Douglasville with traffic counts of 29,600 VPD
Description
Bull Realty is pleased to present the opportunity to acquire 13 of the 39 office buildings in Magnolia Office Park located in Douglasville, GA. The portfolio consist of ±21,549 SF and is being offered at a 6.5% cap rate. Magnolia Park was originally built as a townhouse property but was converted into office rental spaces.
The 13 office condominiums range in size from ±1,086 - 2,632 SF. Select buildings are leased as one unit and others are divided into separate office suites. Seven condominiums were built in 2001 and the other six were built in 2003. Magnolia Park is situated on ±5.12 acres.
Magnolia Park is located off Dallas Hwy (Hwy 92) in a dense commercial corridor. Neighboring businesses include CVS, CitiTrends, Kroger, Goodwill, Wendy's, Chick fil-A and Walgreens. Burnett and Eastside Elementary Schools are less than a mile away.
