1388 Wellbrook CirConyers, GA 30012

  • Healthcare properties
  • 5,000 SF
For Sale
$4,280,000 View listing

Property Details for 1388 Wellbrook Cir

Year built
1994
Construction
WOOD
Lot size
0.87 AC
Property size (Sq ft)
5,000 SF
Zone code
OI
Property type
Healthcare properties
Property subtype
Medical offices
APN
067-0-02-015F
APU
067002015F

Description

This exceptional investment opportunity presents a portfolio of two Class B medical office buildings totaling 16,280 square feet, situated on a 39,247 square foot lot in Conyers, Georgia (30012). Currently 100% occupied by two tenants under a triple net (NNN) lease structure, the portfolio boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $342,255. Built in 1994, these single-story buildings feature 60 parking spaces and are zoned OI. The primary tenant, operating a busy pain management clinic including surgical suites, has a 10-year lease renewal commencing November 1, 2024. A secondary tenant occupies approximately 19% of one building and has a lease with 2.5 years remaining. The properties are strategically located near Piedmont Rockdale and Piedmont Newton hospital campuses, benefiting from high visibility and convenient access. This portfolio offers a compelling investment opportunity with stable income and significant growth potential in a thriving medical market. The asking price is $4,280,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,074,320
    6.5%
    $991,680
    7%
    $920,846
  • Comparable approach

    Method
    Valuation
    Relative Method
    $975,300
    Geo Method
    $975,300
  • Alternative Use

    Use
    Valuation
    Residential
    $1,229,683
    Hospitality
    $1,126,383
    Educational
    $937,137
    Medical
    $969,367
    Retail
    $1,457,769
1388 Wellbrook Cir, Conyers, Georgia

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.6786
Longitude
-84.0022
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,765
$48,720
$340,360
$389,080
-
$121,800
$850,900
$972,700

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