For Sale
$1,500,000

3133 Golf Ridge BlvdDouglasville, GA 30135

16,000 SF Office, 100% Occupancy, 9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional three-story, 15,999 square foot Class B office building, situated on a 1.3-acre lot in Douglasville, Georgia, presents a compelling investment opportunity. Constructed in 1995 and extensively renovated in 2022, the property boasts a fully occupied tenancy with ten tenants, many under recently renewed leases. The building features a multi-tenant configuration with a total of ten units, each averaging 1,500 square feet, and is offered at $1,500,000, representing a price per square foot of $93.76 and a price per unit of $150,000. The property's strong financial performance is reflected in its 9.00% cap rate and a pro-forma cap rate of 9.10%, generating a pro-forma NOI of $136,519. Recent upgrades include a complete overhaul of the HVAC and plumbing systems. The property is situated in the Chapel Hills Office Village, conveniently located just south of I-20, near Arbor Place Mall, and surrounded by upscale retail, dining, and residential developments. The property is zoned PUD and operates under an Absolute NNN lease type. This prime location benefits from Douglasville's robust economic growth, fueled by significant developments such as Sam's Club's new fulfillment center and Lionsgate Studios' "Great Point Studios" film complex. This presents a rare opportunity to acquire a high-performing, well-maintained office building in a rapidly expanding market.

Highlights

  • Fully occupied Class B office building with ten tenants, many under recently renewed leases.
  • Recently renovated with updated HVAC and plumbing systems.
  • 15,999 square feet on a 1.3-acre lot in Douglasville, GA, near I-20 and Arbor Place Mall.
  • Offered at $1,500,000, representing a 9.00% cap rate (9.10% pro-forma).

Property Details for 3133 Golf Ridge Blvd

Property type
Office properties
Square Feet
15,999 SF
Class
B
Year Built/Renovated
1995/2022
Buildings
1
Stories
3
Lot Size (sq. ft)
56,628 SF
Units
10

Location Insight

City
Douglasville
County
Douglas
State
Georgia
Latitude
33.7204853
Longitude
-84.7243321
3133 Golf Ridge Blvd, Douglasville, Georgia

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3133 Golf Ridge Blvd
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