Current Use by Public Records
- Office Spaces
Property Details for 5965 Pkwy Blvd
- Year built
- 1996
- Lot size
- 1.09 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a portfolio of three medical office buildings totaling 13,800 square feet, strategically located throughout the Atlanta MSA in Cumming, Johns Creek, and Stockbridge, Georgia. The portfolio is fully occupied by a subsidiary of LifeStance Health, Inc., a leading national provider of outpatient mental healthcare, demonstrating exceptional tenant stability and strong financial performance. LifeStance Health reported over $1.05 billion in revenue in 2023, showcasing significant year-over-year growth. The lease commenced July 1, 2017, with a current remaining term of approximately 2.7 years. The lease includes favorable terms such as 3% annual rent escalations and two, five-year renewal options, providing long-term income security and potential for future appreciation. The properties are situated on a combined 1.09 acres of land and were constructed between 1996 and 2005. The asking price for the entire portfolio is $3,960,000, representing a price per square foot of $286.96. Individual property sales may be considered. This portfolio offers a compelling investment opportunity with a strong tenant, attractive lease terms, and significant growth potential within the thriving Atlanta MSA healthcare market. The properties are located at: 5965 Parkway North Blvd, Cumming, GA 30040
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.1767
- Latitude
- 34.1666
