3440 Blue Springs RdKennesaw, GA 30144

Property Details for 3440 Blue Springs Rd

Year built

2006

Lot size

0.29 AC

Property size (Sq ft)

5,184 SF

Property type

Office properties

Description

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.

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0379

Longitude

-84.6509

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