6450 Spalding DrPeachtree Corners, GA 30092
- Healthcare properties
- 10,204 SF
Property Details for 6450 Spalding Dr
- Year built
- 1990
- Lot size
- 1.83 AC
- Property size (Sq ft)
- 10,204 SF
- Property type
- Healthcare properties
- Property subtype
- Other office properties
Description
Spalding Plaza, a Class B, two-story medical office building, presents a compelling net lease investment opportunity. Located at 6450 Spalding Drive, Norcross, GA 30092, this 10,204 square foot property sits on a 1.83-acre lot and boasts 96 parking spaces. Currently 100% occupied, generating a Net Operating Income (NOI) of $283,895 and a 7.20% cap rate, the asking price is $3,950,000. Built in 1990, the property features a C2 (General Business) Gwinnett zoning designation. Significant recent renovations exceeding $1.2 million include new roofs (with a 15-year warranty), HVAC units, and Class A interior finishes. The property benefits from its location in the rapidly growing Peachtree Corners submarket, with easy access to over 200,000 residents within a 5-mile radius and significant recent infrastructure improvements in the surrounding area, including new assisted living facilities and a Publix-anchored shopping center. Tenants include Northside Hospital and other strong regional medical tenants who contributed significantly to suite build-outs. Below-market rents, tenant reimbursements, and annual escalations offer inflation protection. The property also enjoys prominent monument signage and benefits from Peachtree Corners' absence of city property taxes for commercial properties. The property's location within the Peachtree Corners Holcomb Bridge Corridor Urban Redevelopment area further enhances its long-term investment potential. The APN is 6-313-171.
Location Insight
- City
- Peachtree Corners
- County
- Gwinnett
- State
- Georgia
- Latitude
- 33.9676
- Longitude
- -84.2597
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].