Brand New Turnkey Office Building North of Atlanta w/ a Cap Rate of 7.8%
$5,799,000
SOLD
433 Highland Parkway
East Ellijay, GA
Blue chip 2-story, 20,150 square foot class A professional office building with prime tenants!
Walking or a quick drive to restaurants, hotels and shopping.
Immediate access to Highway 515
Excellent demographics in a growing economy North of Atlanta
Situated in the heart of new development and growth for the Ellijay area.
Prime tenants and 100% occupied .
Building nets around $450,000 per year with annual increases of 3%.
Property has a 7.8 cap with increases every year. Tenants pay all expenses.
Adjacent lot may be purchased for $800,000 to build identical 20,150 sq. ft. building. The value on the lot is $1.8 million using a 7.8 cap rate and $200 per foot building costs.