90 Commerce Dr Fayetteville, GA 30214

Property Details for 90 Commerce Dr

Year built

1989

Construction

FRAME

Lot size

1.32 lot acres

Property size

12,054 SF

Zone code

C C2

Property type

Office buildings

APN

0530 093

APU

530093

Description

This exceptional investment opportunity presents a fully occupied, 37,000 square foot office park situated in Fayetteville, Georgia. The property, known as Commerce Point Office Park, comprises four single-story buildings totaling 33 individual office suites, ranging from 650 to 3,000 square feet. Currently boasting 100% occupancy, the park offers a stable income stream with a Net Operating Income (NOI) of $355,655 and a 6.70% capitalization rate. The asking price is $5,300,000, translating to $143.24 per square foot. Built in 1989, the property sits on a 3.82-acre lot and is zoned C2. Located at 90 Commerce Drive, Fayetteville, GA 30214, this asset benefits from its prime location in one of Georgia's fastest-growing counties, Fayette County, known for its high average household income of $122,014 and its concentration of national and international companies. The ease of management, with minimal operational overhead, further enhances its appeal. Current rents are significantly below market value, presenting a substantial opportunity for increased profitability. The property's consistent 100% occupancy, even during the COVID-19 pandemic, underscores its strong tenant demand and resilience. Its proximity to the Atlanta airport (within 10 minutes) adds to its strategic advantage. This is a rare chance to acquire a well-positioned, high-performing office park with significant upside potential.

Location Insight

City

Fayetteville

County

Fayette

State

Georgia

Longitude

-84.4523

Latitude

33.4637

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments