For Sale
$2,500,000

2151 Fountain Dr Snellville, GA 30078

Snellville, GA Office Complex - 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a three-building, single-story office park totaling 22,382 square feet in Snellville, Georgia. Located at 2151 Fountain Drive, this Class B property boasts a 6.66% cap rate and a strong net operating income (NOI) of $166,400. Currently 100% occupied with a mix of executive, medical, and traditional office tenants, including chiropractic, elder day care, and endodontics practices, this property offers significant value-add potential due to below-market leases and upcoming lease expirations. Built in 1980, the property features a recently installed new roof. Its prime location adjacent to Piedmont Eastside South Campus and within a thriving Snellville community benefits from strong demographics, high traffic counts, and substantial household incomes within a five-mile radius. The asking price is $2,500,000, representing a price below replacement cost and presenting a compelling opportunity for significant upside. The gross lease structure simplifies management, and the multi-tenant occupancy provides diversification. This property is an ideal acquisition for investors seeking a well-located, income-producing asset with substantial growth potential.

Highlights

  • New Roof Installed.
  • Excellent Demographics.
  • Significant Upside Potential.

Property Details for 2151 Fountain Dr

Property type
Office properties, Medical offices
Square Feet
22,382 SF
Class
B
Year Built
1980
Buildings
3

Location Insight

City
Snellville
County
Gwinnett
State
Georgia
Latitude
33.8561676
Longitude
-84.0296539

FAQs

What type of property is this?
Office property - Snellville, GA Office Complex - 100% Occupied
Where is the office property located?
The property is located at 2151 Fountain Dr Snellville, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: New Roof Installed.; Excellent Demographics.; Significant Upside Potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2151 Fountain Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message