For Sale
$750,000

3440 Blue Springs Rd Kennesaw, GA 30144

Four office condos, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a four-unit office condo portfolio totaling 5,184 square feet, situated on a 0.29-acre lot in desirable Kennesaw, Georgia. The property, built in 2006, features a Class B building with two stories and is zoned OI. Currently, the occupancy is 50%, with two tenants occupying a portion of the second floor, accessible via stairs. Each unit offers approximately 1,296 square feet and is priced at $187,500, with a total asking price of $750,000. The property boasts a pro-forma cap rate of 8.61% and a pro-forma NOI of $64,570. Constructed of durable four-sided brick, the building is well-maintained and offers adaptable open floor plans suitable for various uses. Its prime location in Kennesaw, conveniently situated between downtown Kennesaw and Acworth, provides easy access to major thoroughfares like I-75 and US-41, as well as numerous dining and shopping options. This presents a compelling opportunity for owner-users or investors seeking a strong return on investment in a thriving market. The property is offered as a fee-simple ownership with a modified lease type and is classified as a net lease investment for owner/user. The APN numbers are 20010403470, 20010403480, 20010403450, and 20010403460. The price per square foot is $144.68.

Highlights

  • $750,000 asking price for a four-unit office condo portfolio.
  • 5,184 square feet of Class B office space in a two-story building.
  • Located in Kennesaw, GA, with easy access to I-75 and US-41.
  • Net lease investment opportunity with a pro-forma cap rate of 8.61% and pro-forma NOI of $64,570.
  • Currently 50% occupied with two tenants.
  • Built in 2006 on a 0.29-acre lot.

Property Details for 3440 Blue Springs Rd

Property type
Office properties
Square Feet
5,184 SF
Class
B
Year Built
2006
Buildings
1
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
4

Location Insight

City
Kennesaw
County
Cobb
State
Georgia
Latitude
34.0378525
Longitude
-84.6508959

FAQs

What type of property is this?
Office property - Four office condos, prime location.
Where is the office property located?
The property is located at 3440 Blue Springs Rd Kennesaw, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: $750,000 asking price for a four-unit office condo portfolio.; 5,184 square feet of Class B office space in a two-story building.; Located in Kennesaw, GA, with easy access to I-75 and US-41.
How can I contact the broker?
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3440 Blue Springs Rd
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