For Sale
$2,300,000

4635 Flat Shoals PkwyDecatur, GA 30034

High-Occupancy Office Buildings, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This Decatur, GA investment opportunity presents two Class B office buildings totaling 10,000 square feet on a 10.95-acre lot. Built in 2009 and renovated in 2019, the property boasts 100% occupancy with eight tenants including a music studio, tax consultant, event planner, law firm, and other professional services. The property features 60 parking spaces and is strategically located on Flat Shoals Parkway between I-285 and Wesley Chapel Road, offering excellent visibility and accessibility. The current asking price is $2,300,000, representing a 7.25% cap rate and a pro-forma cap rate of 8.75%. The Net Operating Income (NOI) is currently $166,771, projected to increase to $201,234. Annual rent bumps of 3% are in place, ensuring consistent investment growth. The property is zoned PC-1 and benefits from strong demographics, with over 287,500 residents within a 5-mile radius and an average household income exceeding $93,000. This value-add opportunity offers significant potential for increased profitability. The property includes two two-story buildings.

Highlights

  • $2,300,000 asking price for a value-add office investment opportunity.
  • Located on Flat Shoals Parkway in Decatur, GA, offering ample parking and convenient main road access.
  • Strategically positioned between I-285 and Wesley Chapel Road.
  • Annual rent increases provide consistent investment growth.
  • Strong demographics: over 287,500 residents within a 5-mile radius, with an average household income exceeding $93,000.

Property Details for 4635 Flat Shoals Pkwy

Property type
Office properties, Office space
Square Feet
10,000 SF
Year Built/Renovated
2009/2019
Buildings
2
Stories
2
Lot Size (sq. ft)
476,982 SF
Units
8

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.6835471
Longitude
-84.2373674
4635 Flat Shoals Pkwy, Decatur, Georgia

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4635 Flat Shoals Pkwy
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