Multi-Suite Office
New
For Sale
$3,995,000
2020 Avalon Pkwy, McDonough, GA 30253
Current leases cover the entire building, with occupancy recorded at 100%.
Property Size24,160 SF
Price / SF$165.36
Days on Market3
Property Features for 2020 Avalon Pkwy
General Information
Standard status
Active
Size
24,160 SF
Elevators
Yes
Property subtype
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
conference rooms
classroom
restrooms
break rooms with kitchenettes
balconies
Building Details
Year Built
2006
Buildings
1
Building Size
24,160 SF
Listing Agency:
SouthSide Realtors, LLC
Listed By:
Timothy Nunz (770-914-2122)
(770) 294-7105
Source:
Cinthia.atlantageorgiahomesales
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:35PM
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 SouthSide Realtors, LLC
Investment Insights
Based on property information with market context.
Built in 2006, this approximately 24,160-square-foot office building contains executive suites, multiple conference rooms, a classroom, eight restrooms, and an elevator. Break rooms include kitchenettes, and four balconies are located on the fourth floor. Recent work includes roof replacement, with a 20-year manufacturer warranty and 10-year labor warranty, plus parking lot seal coating and striping.
The property is on Avalon Parkway in McDonough, Georgia, with access to I-75 from Exits 218 and 216. Hartsfield-Jackson Atlanta International Airport is approximately 30 minutes south. Current leases cover the building, and occupancy is reported at 100%.
The property is on Avalon Parkway in McDonough, Georgia, with access to I-75 from Exits 218 and 216. Hartsfield-Jackson Atlanta International Airport is approximately 30 minutes south. Current leases cover the building, and occupancy is reported at 100%.
Key Highlights
- Approximately 24,160 square feet; built in 2006
- 100% occupancy under current leases
- Executive suites, conference rooms, and a classroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,528
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,470,560
$6.5M
Cap Rate 7%
$4,621,829
$4.6M
Cap Rate 9%
$3,594,756
$3.6M
Market Conditions
NOI Build-Up for 24,160 SF
Gross rent
$576.7K $23.87/SF
− Vacancy
−$145.3K −$6.02/SF
EGI
$431.4K $17.85/SF
− OpEx
−$107.8K −$4.46/SF
NOI
$323.5K $13.39/SF
Area
Henry County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,470,560
Cap Rate 7%
$4,621,829
Cap Rate 9%
$3,594,756
Alternative Uses
Best Use
Office B
$4.62M
$4.04M – $5.39M
NOI $323,528 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.75M
$5.91M – $7.88M
NOI $472,755 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Current leases cover the entire building, with occupancy recorded at 100%.
Where is this office building located?
The property is located at 2020 Avalon Pkwy McDonough, GA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Approximately 24,160 square feet; built in 2006; 100% occupancy under current leases; Executive suites, conference rooms, and a classroom
