For Sale
$1,250,000

8180 Tara BlvdJonesboro, GA 30236

High-profit potential; 69 rentable units

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional investment opportunity in Jonesboro, Georgia, presents The Office Hub, a single-story, 6,600 square foot commercial building situated on a 0.65-acre lot. Built in 1984 and extensively renovated in 2023, this property boasts 69 individual rentable units, currently at 25% occupancy, offering significant upside potential. The building includes a mail center, two manager's offices, two restrooms, and additional storage/warehouse space. The property is zoned for commercial use and features a gross lease structure with 17 current tenants. Financial highlights include an asking price of $1,250,000, a current NOI of $55,000, and a pro-forma NOI of $250,000, representing a 4.40% current cap rate and a 20.00% pro-forma cap rate. The property is located at 8180 Tara Blvd, Jonesboro, GA 30236, in a high-demand area with a 2023 vehicle traffic count of 58,000 vehicles per day. The sale includes the building and land; any billboard present is excluded. The property is sold as-is. This is an ideal investment for those seeking a high-return opportunity in a thriving market. The price per unit is $17,391.

Highlights

  • $1,250,000 asking price for a 6,600 SF creative office building in Jonesboro, GA.
  • Gross lease, multi-tenant property with 17 current tenants and 69 total units.
  • 4.40% current cap rate, 20.00% pro-forma cap rate; $55,000 current NOI, $250,000 pro-forma NOI.
  • Located at 8180 Tara Blvd, Jonesboro, GA 30236, on a 0.65-acre lot.
  • Single-story building, built in 1984 and renovated in 2023, with commercial zoning.

Property Details for 8180 Tara Blvd

Property type
Retail properties, Office properties
Square Feet
6,600 SF
Year Built/Renovated
1984/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
28,314 SF
Units
69

Location Insight

City
Jonesboro
County
Clayton
State
Georgia
Latitude
33.530361708516
Longitude
-84.363120570326
8180 Tara Blvd, Jonesboro, Georgia

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8180 Tara Blvd
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