For Sale
$6,740,000

1200 Johnson Ferry Rd Marietta, GA 30068

Multi-tenant office building, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fully leased, four-story, 27,112 square foot Class B office building in Marietta, Georgia's affluent East Cobb area. The property, a local landmark for over 35 years, boasts six tenants, including Synovus Bank, with a mix of medical and office uses. Anchored by Synovus Bank (lease through 2029) and featuring a recently renovated USA Vein Clinics suite (new 10-year lease, $1,000,000 buildout), the building offers strong cash flow with 100% occupancy. Amenities include two elevators, a low-maintenance brick exterior, updated common areas, and convenient private parking access. The high-traffic location at Johnson Ferry Rd and Woodlawn Dr provides excellent visibility to over 34,000 vehicles daily, supported by two monument signs. Surrounded by upscale retail and dining, the property benefits from a densely populated area with an average household income exceeding $180,000 within a one-mile radius, projected to grow significantly. The 1.37-acre lot is zoned OI, County. This is a rare opportunity to acquire a high-performing asset in a prime East Cobb location. The asking price is $6,740,000, representing a $248.60 per square foot price and a $1,123,333.33 price per unit. The Net Operating Income (NOI) is $471,819, resulting in a 7.00% capitalization rate. Built in 1987, the property offers a compelling return on investment in a highly desirable market.

Highlights

  • Fully leased, 27,112 SF Class B office building in Marietta, GA's East Cobb submarket.
  • Anchored by Synovus Bank (lease through 2029) and featuring a recently renovated USA Vein Clinics suite (new 10-year lease, $1M buildout).
  • High-traffic location on Johnson Ferry Rd and Woodlawn Dr, with over 34,000 vehicles passing daily and excellent visibility.
  • Densely populated area with average household income exceeding $180,000 within a one-mile radius.

Property Details for 1200 Johnson Ferry Rd

Property type
Office properties, Medical offices
Square Feet
27,112 SF
Class
B
Year Built
1987
Buildings
1
Stories
4
Lot Size (sq. ft)
59,677 SF
Units
6

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.977846033909
Longitude
-84.416518934221

FAQs

What type of property is this?
Office property - Multi-tenant office building, 7% cap rate.
Where is the office property located?
The property is located at 1200 Johnson Ferry Rd Marietta, GA.
What is the asking price?
The asking price for this property is $6,740,000.
What are key features of this property?
This property features: Fully leased, 27,112 SF Class B office building in Marietta, GA's East Cobb submarket.; Anchored by Synovus Bank (lease through 2029) and featuring a recently renovated USA Vein Clinics suite (new 10-year lease, $1M buildout).; High-traffic location on Johnson Ferry Rd and Woodlawn Dr, with over 34,000 vehicles passing daily and excellent visibility.
How can I contact the broker?
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1200 Johnson Ferry Rd
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