For Sale
$800,000

1195 Ralph David Abernathy Blvd Atlanta, GA 30310

Profitable, renovated medical office building

Overview

Added:
Dec 11, 2024
Days on market:
136
This 3,300 sq ft, fully renovated (2021) Class B medical office building in Atlanta, GA is available for $800,000. Located at 1195 Ralph David Abernathy Blvd SW, this single-tenant property boasts a 100% occupancy rate with a stable, long-term tenant under a NNN lease with 2.1 years remaining (5-year lease, commencing December 10, 2021, expiring December 10, 2026, with four lease options). The property features 15 parking spaces, a security gate, and a new roof (installed 2018). The interior includes four exam rooms, a management office, a doctor's office, a state-of-the-art treatment area with X-ray facilities, a surgery suite, an isolation room with separate airflow, an employee lounge, and a kennel room. The building sits on an 18,295 sq ft lot, zoned R-LC. The property offers a 7.50% cap rate and a net operating income (NOI) of $60,000. This is a stabilized investment opportunity with significant potential for long-term growth. The property's prime location in Atlanta's West End district provides unparalleled accessibility and visibility.

Highlights

  • Long-term tenant with favorable lease terms.
  • Triple Net (NNN) lease.

Property Details for 1195 Ralph David Abernathy Blvd

Property type
Office properties, Medical offices
Square Feet
3,300 SF
Class
B
Year Built/Renovated
1964/2021
Stories
1
Units
1

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.738775417205
Longitude
-84.427271174734

FAQs

What type of property is this?
Office property - Profitable, renovated medical office building
Where is the office property located?
The property is located at 1195 Ralph David Abernathy Blvd Atlanta, GA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Long-term tenant with favorable lease terms.; Triple Net (NNN) lease.;
How can I contact the broker?
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1195 Ralph David Abernathy Blvd
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