Medical Office Facility For
120 Trinity Pl Athens, GA 30607
120 Trinity Pl, Athens, GA, 30607
Contact for pricing
For Sale
Contact for pricing
14,633 SF medical office near hospitals in Athens, GA.
Property Size14,633 SF
Lot Size1.05 Acres
Price / SF$287.02
Days on Market852
Property Features for 120 Trinity Pl
General Information
- Standard status
- Active
- Size
- 14,633 SF
- Lot size
- 1.05 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency
Atlas Real Estate Advisors
Listed by
Chris Blackmon · License #GA 218395
Source
Crexi
Added: Mar 18, 2024 Checked: Jul 17 at 4:12 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlas Real Estate Advisors
Investment Insights
Based on property information with market context.
The property at 120 Trinity Place is a 14,633 square foot medical office facility situated on 1.05 acres. It is located just off Jefferson Road, minutes from area hospitals in Athens, Georgia. The main floor comprises 8,570 square feet of traditional medical office space, configured to optimize patient flow. The second floor, spanning 3,803 square feet, was designed for staff and administrative use, featuring workstations, a conference room, a kitchen/lounge, as well as two additional rooms and a restroom. The lower level, encompassing 2,260 square feet, previously operated as an ambulatory surgery center for the practice upstairs. This level is accessible via separate entrances at the rear of the building, situated under a covered receiving area. It is suitable for physical and radiation therapies, allied health and rehabilitative procedures, and cosmetic procedures. The building includes one elevator and two staircases. The walls surrounding the four X-ray/MRI rooms are lead-lined and have lead-lined solid wood doors. The building is also available for lease.
Key Highlights
- 14,633 SF medical office facility on 1.05 acres near Athens, GA hospitals.
- Main floor (8,570 SF) designed for optimal patient flow.
- Lower level (2,260 SF) previously used as an ambulatory surgery center with separate entrances.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $351.2k | $24.00 |
| − Vacancy | −$35.1k | −$2.40 |
| EGI | $316.1k | $21.60 |
| − OpEx | −$126.4k | −$8.64 |
| NOI | $189.6k | $12.96 |
14,633 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.71M
$2.37M – $3.16M
NOI $189,644 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$2.71M
$2.37M – $3.16M
NOI $189,407 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $246,930 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Georgia Urology
Physician
David C. Allen, ...
Physician
Regional Lab Outreach
Health
Lifestyle Health Networks
Wellness Program
Dr. Robert R. ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Dr. Anita Stampley — 2315 Prince Ave, Athens, GA 30606
- Downs Myron DVM — 2315 Prince Ave, Athens, GA 30606
FAQs
What type of property is this?
Medical Office Space - 14,633 SF medical office near hospitals in Athens, GA.
Where is this medical office space located?
The property is located at 120 Trinity Pl Athens, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 14,633 SF medical office facility on 1.05 acres near Athens, GA hospitals.; Main floor (8,570 SF) designed for optimal patient flow.; Lower level (2,260 SF) previously used as an ambulatory surgery center with separate entrances.
