For Sale
$3,960,000

5965 Pkwy BlvdCumming, GA 30040

Three buildings, 13,800 SF, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of three medical office buildings totaling 13,800 square feet, strategically located throughout the Atlanta MSA in Cumming, Johns Creek, and Stockbridge, Georgia. The portfolio is fully occupied by a subsidiary of LifeStance Health, Inc., a leading national provider of outpatient mental healthcare, demonstrating exceptional tenant stability and strong financial performance. LifeStance Health reported over $1.05 billion in revenue in 2023, showcasing significant year-over-year growth. The lease commenced July 1, 2017, with a current remaining term of approximately 2.7 years. The lease includes favorable terms such as 3% annual rent escalations and two, five-year renewal options, providing long-term income security and potential for future appreciation. The properties are situated on a combined 1.09 acres of land and were constructed between 1996 and 2005. The asking price for the entire portfolio is $3,960,000, representing a price per square foot of $286.96. Individual property sales may be considered. This portfolio offers a compelling investment opportunity with a strong tenant, attractive lease terms, and significant growth potential within the thriving Atlanta MSA healthcare market. The properties are located at: 5965 Parkway North Blvd, Cumming, GA 30040

Highlights

  • Three-building medical office portfolio totaling 13,800 square feet in the Atlanta MSA.
  • Fully occupied by a LifeStance Health subsidiary (NASDAQ: LFST), a leading national outpatient mental healthcare provider.
  • LifeStance reported over $1.05 billion in 2023 revenue; approximately 3 years remaining lease term with 3% annual escalations and two 5-year options.

Property Details for 5965 Pkwy Blvd

Property type
Office properties, Medical offices
Square Feet
13,800 SF
Year Built
1996
Buildings
3
Lot Size (sq. ft)
47,480 SF
Units
3

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.1665873
Longitude
-84.1767098
5965 Pkwy Blvd, Cumming, Georgia

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5965 Pkwy Blvd
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