5755 Stables Way, Alpharetta, GA 30004

This exceptional 1,625-square-foot warehouse condo, located in the prestigious Stables Motor Condos community in Alpharetta, Georgia (30004), presents a unique investment opportunity. Boasting a 7.5% cap rate, this unit offers a compelling return. The building features insulated masonry construction, energy-efficient LED lighting, and is designed to accommodate a mezzanine (pricing available separately). The unit includes a 14x14 overhead door with an operator, providing convenient access for vehicles and equipment. Security is enhanced with 24/7 access, wide paved aisles, and a fenced and gated community. Ceiling heights range from 21' 2.25" to 23' 0.25", providing ample vertical space. The lease term is for three years. This unit is ideal for car enthusiasts, offering secure storage within a resort-like environment designed for socializing and relaxation. The estimated delivery date is March 2024. The total project encompasses 73,350 square feet, with the Stables portion comprising 40,260 square feet across four buildings and 35 units. Additional information regarding HOA fees and initiation costs is available upon request. The land value is $380-$385 per square foot. The gross sales price per square foot is $333.33. The estimated monthly assessment is $378.83. The HOA initiation and administrative fee is $1,600. The price per square foot for a mezzanine is $375.