For Sale
$819,999

2440 Sandy Pln Rd. BldgMarietta, GA 30066

Multi-tenant office building, 95% occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
Prime East Cobb location, this 6,000 square foot, multi-tenant office building at 2440 Sandy Plains Rd., Bldg #2 in Marietta, GA 30066 offers a compelling investment opportunity. Built in 1990 and boasting a Class C rating, the property features a blend of creative, executive, and medical office spaces, making it versatile and attractive to a wide range of tenants. Currently operating at 95% occupancy, the building generates a strong net operating income (NOI) of $56,900, resulting in a 6.94% cap rate. The asking price is $819,999, translating to $133.88 per square foot. A significant portion of the first floor (60%) is leased to a long-term tenant under a 10-year lease with 5 years remaining. The building benefits from recent upgrades, including a new roof (2019) and all new double-pane windows (2018). The property is zoned O&I and is situated at the front of a business complex, offering excellent visibility and accessibility. The current owner occupies 500 square feet on the second floor, providing flexibility for the new owner to either maintain or vacate this space. This stabilized investment presents a rare opportunity to acquire a well-maintained, high-occupancy office building in a desirable East Cobb location. The modified lease structure and multi-tenant occupancy provide a stable income stream and potential for future growth.

Highlights

  • Strong long-term tenant occupies 60% of ground floor with five years remaining on a ten-year lease.
  • 95% occupancy rate.
  • Excellent East Cobb location.
  • High-visibility storefront position within the complex.
  • Multi-tenant building.
  • Owner/agent.

Property Details for 2440 Sandy Pln Rd. Bldg

Property type
Office properties, Medical offices
Square Feet
6,125 SF
Class
C
Year Built
1990

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
34.010461492423
Longitude
-84.495432331195
2440 Sandy Pln Rd. Bldg, Marietta, Georgia

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2440 Sandy Pln Rd. Bldg
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