5965 Pkwy BlvdCumming, GA 30040

Property Details for 5965 Pkwy Blvd

Year built

1996

Lot size

1.09 AC

Property size (Sq ft)

13,800 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a portfolio of three medical office buildings totaling 13,800 square feet, strategically located throughout the Atlanta MSA in Cumming, Johns Creek, and Stockbridge, Georgia. The portfolio is fully occupied by a subsidiary of LifeStance Health, Inc., a leading national provider of outpatient mental healthcare, demonstrating exceptional tenant stability and strong financial performance. LifeStance Health reported over $1.05 billion in revenue in 2023, showcasing significant year-over-year growth. The lease commenced July 1, 2017, with a current remaining term of approximately 2.7 years. The lease includes favorable terms such as 3% annual rent escalations and two, five-year renewal options, providing long-term income security and potential for future appreciation. The properties are situated on a combined 1.09 acres of land and were constructed between 1996 and 2005. The asking price for the entire portfolio is $3,960,000, representing a price per square foot of $286.96. Individual property sales may be considered. This portfolio offers a compelling investment opportunity with a strong tenant, attractive lease terms, and significant growth potential within the thriving Atlanta MSA healthcare market. The properties are located at: 5965 Parkway North Blvd, Cumming, GA 30040

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1666

Longitude

-84.1767

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