Current Use by Public Records
- Office Spaces
Property Details for 2440 Sandy Pln Rd. Bldg
- Year built
- 1990
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
Prime East Cobb location, this 6,000 square foot, multi-tenant office building at 2440 Sandy Plains Rd., Bldg #2 in Marietta, GA 30066 offers a compelling investment opportunity. Built in 1990 and boasting a Class C rating, the property features a blend of creative, executive, and medical office spaces, making it versatile and attractive to a wide range of tenants. Currently operating at 95% occupancy, the building generates a strong net operating income (NOI) of $56,900, resulting in a 6.94% cap rate. The asking price is $819,999, translating to $133.88 per square foot. A significant portion of the first floor (60%) is leased to a long-term tenant under a 10-year lease with 5 years remaining. The building benefits from recent upgrades, including a new roof (2019) and all new double-pane windows (2018). The property is zoned O&I and is situated at the front of a business complex, offering excellent visibility and accessibility. The current owner occupies 500 square feet on the second floor, providing flexibility for the new owner to either maintain or vacate this space. This stabilized investment presents a rare opportunity to acquire a well-maintained, high-occupancy office building in a desirable East Cobb location. The modified lease structure and multi-tenant occupancy provide a stable income stream and potential for future growth.
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
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.4954
- Latitude
- 34.0105
