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Sandy Springs Wellness Center | Office Investment Opportunity | 7% Cap Rate

6667 Vernon Woods Dr
Sandy Springs, GA 30328
PRICE : $5,800,000
CAP RATE: 7%
PROPERTY TYPE: Office
SITE SIZE: 2.24 Acres
BUILDING SIZE: 30,036 SF
YEAR BUILT: 1977

Highlights

  • Scheduled 2022 net operating income of $406,161
  • Abundant free parking with multiple entrances
  • 24-hour HVAC and access for tenants
  • Inviting courtyard area with outside seating
  • Successful tenants in the health and wellness industry

Description

Opportunity to acquire an office property in one the fastest growing submarkets of metro Atlanta. Sandy Springs Wellness Center has just had an extensive lease up and capital expenditure program completed. Improvements include new buildout of approximately 70% of the square footage with new HVAC systems for the entire building all within the last two years. The majority of the tenants are medical or wellness based including primary care physician, dentistry, chiropractic, weight loss and other health oriented services.

The offering provides the stability of 100% occupancy plus upside potential. Some of the tenants’ rates are significantly lower than standard rents in the building and all the rents are significantly under market for medical space in the area. This high-elevation, 2.4- acre site is two miles north of I-285 and 2 miles west of GA-400. The property is well-located near the new City Springs development, and is walkable to a wide range of quality retail and dining options including Longhorn Steakhouse, Persepolis and Zafron.

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