4635 Flat Shoals PkwyDecatur, GA 30034

Property Details for 4635 Flat Shoals Pkwy

Year built

2009

Lot size

10.95 AC

Property size (Sq ft)

10,000 SF

Property type

Office properties

Property subtype

Office space

Description

This Decatur, GA investment opportunity presents two Class B office buildings totaling 10,000 square feet on a 10.95-acre lot. Built in 2009 and renovated in 2019, the property boasts 100% occupancy with eight tenants including a music studio, tax consultant, event planner, law firm, and other professional services. The property features 60 parking spaces and is strategically located on Flat Shoals Parkway between I-285 and Wesley Chapel Road, offering excellent visibility and accessibility. The current asking price is $2,300,000, representing a 7.25% cap rate and a pro-forma cap rate of 8.75%. The Net Operating Income (NOI) is currently $166,771, projected to increase to $201,234. Annual rent bumps of 3% are in place, ensuring consistent investment growth. The property is zoned PC-1 and benefits from strong demographics, with over 287,500 residents within a 5-mile radius and an average household income exceeding $93,000. This value-add opportunity offers significant potential for increased profitability. The property includes two two-story buildings.

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.6835

Longitude

-84.2374

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