413 Creekstone RdgWoodstock, GA 30188

Property Details for 413 Creekstone Rdg

Year built

1999

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

4,464 SF

Zone code

GC

Property type

Office properties

Property subtype

Other office properties

APN

15N12F 413

APU

15N12F413

Description

This exceptional investment opportunity presents a fully leased, one-story office building situated on a 0.41-acre lot in the desirable Woodstock, GA area. The 8,800+-square-foot building features four individual office suites, each meticulously renovated with fresh paint, new flooring, and updated lighting. Each suite boasts its own private offices, a reception area, a conference room, a kitchen and eating area, two bathrooms, and ample storage space. Approximately 2,200 square feet are dedicated to each suite. Currently operating at 100% occupancy, this property offers a stable and predictable income stream, further enhanced by a 2-4% annual base rent escalation clause in each lease. Common area maintenance (CAM) charges are $400 per month per tenant and encompass normal water/sewage usage, trash removal, interior sprinkler maintenance, lot and landscape upkeep, and exterior building insurance. The property's prime location provides convenient access to major thoroughfares, including Highway 92 and Highway 575, ensuring excellent accessibility for tenants and clients. Ample parking is available with 18 dedicated spaces. This turnkey investment offers a compelling blend of immediate return and long-term growth potential in a high-demand market near Downtown Woodstock. The property is offered at $1,675,000. Please note: Do not disturb tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $944,155

  6.5%

  $871,528

  7%

  $809,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,141

  Geo Method

  $870,748

• Alternative Use

  Use

  Valuation

  Residential

  $1,080,695

  Hospitality

  $989,911

  Educational

  $823,594

  Medical

  $851,919

  Retail

  $1,281,146

Location Insight

City

Woodstock

County

Cherokee

State

Georgia

Latitude

34.0892

Longitude

-84.5279

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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