For Sale
$795,000

3150 Golf Ridge BlvdDouglasville, GA 30135

Owner-user opportunity, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 6,488 square foot office building in Douglasville, GA presents a compelling owner-user opportunity with significant income potential. Located in the desirable Golf Ridge Office Park, this Class B property boasts 100% occupancy with two tenants, generating a current NOI of $57,401 and a pro-forma NOI of $66,218, representing a 7.22% cap rate and a pro-forma cap rate of 8.33%, respectively. Built in 2002, the property features four units, each priced at $198,750, totaling an asking price of $795,000, or $122.53 per square foot. Situated just 20 miles from downtown Atlanta and minutes from Six Flags Over Georgia, this location benefits from proximity to upscale retail, dining, and residential areas. The property's modified lease structure and varied rent bumps offer flexibility and potential for future growth. This is a value-add investment opportunity with strong current performance and significant upside. The property's address is 3150 Golf Ridge Blvd, Douglasville, GA 30135. The property consists of one building on a lot with no acreage listed.

Highlights

  • Exceptional two-story, 6,488 SF office building in Douglasville, GA, offering owner-user potential.
  • 100% occupied Class B property in Golf Ridge Office Park with two tenants, generating $57,401 NOI (7.22% cap rate) and pro-forma NOI of $66,218 (8.33% cap rate).
  • Four units, asking price $795,000 ($122.53/SF).
  • Located 20 miles from downtown Atlanta, near Six Flags and upscale amenities.
  • Built in 2002, at 3150 Golf Ridge Blvd, Douglasville, GA 30135.

Property Details for 3150 Golf Ridge Blvd

Property type
Office properties
Square Feet
6,488 SF
Class
B
Year Built
2002
Buildings
1
Stories
2
Units
4

Location Insight

City
Douglasville
County
Douglas
State
Georgia
Latitude
33.717579414311
Longitude
-84.724438064608
3150 Golf Ridge Blvd, Douglasville, Georgia

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3150 Golf Ridge Blvd
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