120 N McDonough St Jonesboro, GA 30236

Building Details

Year Built

1978

Listing agency Atlanta Office j***@marcusmillichap.com Show Phone

Listed by Justin Caudill · License #GA: 443241 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:10AM

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Investment Insights

Based on property information with market context.

McKenzie Suites is an office investment portfolio located in the Aerotropolis Atlanta Submarket, near Hartsfield-Jackson International Airport. Situated in Downtown Jonesboro, a member municipality of Aerotropolis Atlanta, the asset is located minutes from Tara Boulevard, an active corridor with 55,100 AADT. The property is positioned as executive suites and leased to a diversified mix of small business owners. The Jonesboro office market has a +96% occupancy rate for office assets. The current landlords were able to rapidly lease upon acquisition in 2020, and generate a +500% increase to annualized gross income within the first year of ownership. Jonesboro is expected to benefit from planned and recently delivered development projects related to the updated “Framework Plan”. McKenzie Suites offers investors the opportunity to create value through light renovations and lease-up, as well as a seamless transition by partnering with current management. The property has a size of 12633 square feet.

Key Highlights

• Value‑add office investment portfolio in the Aerotropolis Atlanta Submarket.
• Located in Downtown Jonesboro, near Hartsfield‑Jackson International Airport.
• High office market occupancy rate (+96%) in Jonesboro.

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FAQs

What type of property is this?

Office building - Office investment portfolio in Aerotropolis Atlanta submarket.

Where is this office building located?

The property is located at 120 N McDonough St Jonesboro, GA.

What are key features of this property?

This property features: Value‑add office investment portfolio in the Aerotropolis Atlanta Submarket.; Located in Downtown Jonesboro, near Hartsfield‑Jackson International Airport.; High office market occupancy rate (+96%) in Jonesboro.