4040 Old Milton Pkwy Alpharetta, GA 30005-3427

Property Details for 4040 Old Milton Pkwy

Year built

2007

Lot size

0.07 lot acres

Property size

2,970 SF

Zone code

AG

Property type

Office Properties & Spaces

APN

11 014000831097

APU

11014000831097

Description

This exceptional 6,080 square foot Class B medical office building, located at 4040 Old Milton Pkwy in Alpharetta, Georgia (zip code 30005), presents a compelling investment opportunity. The property boasts a 100% occupancy rate with two long-term tenants, each occupying a separate floor in this two-story building. The building is situated within a mixed-use campus-style development. The asking price is $2,338,000, translating to a price per square foot of $384.54. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $128,610, yielding a 5.50% capitalization rate. The lease structure is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized investment offers predictable income and significant potential for long-term growth. The property's prime location in Fulton County, Alpharetta, ensures easy access to major transportation routes and a thriving medical community. This is a rare opportunity to acquire a high-performing medical office building with exceptional financial metrics and a secure tenant base.

Location Insight

City

Alpharetta

County

Fulton

State

Georgia

Longitude

-84.2424

Latitude

34.0623

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments