For Sale
$2,500,000

2151 Fountain DrSnellville, GA 30078

Snellville, GA Office Complex - 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
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
2151 Fountain Dr, Snellville, Georgia

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2151 Fountain Dr
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