2830 Clearview Place Doraville, GA 30340
E X C L U S I V E
O F F I C E
O F F E R I N G
2830 Clearview Place Doraville, GA 30340
OFFERING SUMMARY INVESTMENT HIGHLIGHTS
Highly Motivated Seller - REO/Bank Asset
Price Rentable SF
Easily Divisible
Year Built
Great Location at Spaghetti Junction near Interstates 85 and 285
Parcel Size
Located near Doraville MARTA Station
97% Leased With Mostly 5-10 Year Leases
Request for Offer 12,874 1972 1.45 AC
Listed by:
BRITTON BURDETTE Associate National Office and Industrial Properties Group Tel: (678) 808-2700 Fax: (678) 808-2710 License: GA 299304 [email protected] www.marcusmillichap.com
Offices Nationwide
Listing Office: 1100 Abernathy Road, N.E., Bldg. 500, Suite 600 At l an t a, G A 3 0328 • T el : ( 678) 808 - 2700 F ax: ( 678) 808 - 2710
www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. © 2009 Marcus & Millichap (Activity ID: Q0230072 Property ID: 1641450)
2830 CLEARVIEW P LACE • DOR AVILLE, G A 30340 OPERATING DATA INCOME Base Rent Occupied Space Available Space at Market Rents Gross Potential Rent Expense Reimbursements Gross Potential Income Vacancy/Collection Allowance Effective Gross Income Total Expenses Net Operating Income
MAJOR TENANTS Current $151,368 4,320 $155,688 41,329 $197,017 15% 29,553 $167,464 95,949 $71,516
Cancun Taxi Asia Hope Day Care Asia Hope Medical Group
INVESTMENT OVERVIEW Marcus & Millichap is pleased to offer this 12,874 +/- square foot office building in Doraville, GA, an in town suburb of Atlanta. This offering is a great opportunity to purchase an in town location well below replacement with a great day one return. Positioned at the crossway of I-85 and I-285 known as Spaghetti Junction, an investor would be hard pressed to find a location with more accessibility and convenience. The seller is looking to dispose of this asset quickly and therefore the offering is being marketed unpriced, allowing the market to dictate the value of the building. Currently the building is 97% occupied, most of which is under a five to ten year lease. The building is configured with multiple access doors allowing for reconfiguration of the spaces which provides plenty of options for retenating.
EXPENSES Real Estate Taxes Insurance Management Fee Reserves Electricity Water Sanitary Services Trash Collection Total Expenses Expenses per SF
$26,350 2,000 5,024 2,575 42,000 2,400 12,000 3,600 $95,949 $7.45
Listing Office: 1100 Abernathy Road, N.E. Bldg. 500, Suite 600 Atlanta, GA 30328 Tel: (678) 808-2700 Fax: (678) 808-2710 www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. © 2009 Marcus & Millichap (Activity ID: Q0230072 Property ID: 1641450)
O F F I C E
O F F E R I N G
2830 Clearview Place Doraville, GA 30340
OFFERING SUMMARY INVESTMENT HIGHLIGHTS
Highly Motivated Seller - REO/Bank Asset
Price Rentable SF
Easily Divisible
Year Built
Great Location at Spaghetti Junction near Interstates 85 and 285
Parcel Size
Located near Doraville MARTA Station
97% Leased With Mostly 5-10 Year Leases
Request for Offer 12,874 1972 1.45 AC
Listed by:
BRITTON BURDETTE Associate National Office and Industrial Properties Group Tel: (678) 808-2700 Fax: (678) 808-2710 License: GA 299304 [email protected] www.marcusmillichap.com
Offices Nationwide
Listing Office: 1100 Abernathy Road, N.E., Bldg. 500, Suite 600 At l an t a, G A 3 0328 • T el : ( 678) 808 - 2700 F ax: ( 678) 808 - 2710
www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. © 2009 Marcus & Millichap (Activity ID: Q0230072 Property ID: 1641450)
2830 CLEARVIEW P LACE • DOR AVILLE, G A 30340 OPERATING DATA INCOME Base Rent Occupied Space Available Space at Market Rents Gross Potential Rent Expense Reimbursements Gross Potential Income Vacancy/Collection Allowance Effective Gross Income Total Expenses Net Operating Income
MAJOR TENANTS Current $151,368 4,320 $155,688 41,329 $197,017 15% 29,553 $167,464 95,949 $71,516
Cancun Taxi Asia Hope Day Care Asia Hope Medical Group
INVESTMENT OVERVIEW Marcus & Millichap is pleased to offer this 12,874 +/- square foot office building in Doraville, GA, an in town suburb of Atlanta. This offering is a great opportunity to purchase an in town location well below replacement with a great day one return. Positioned at the crossway of I-85 and I-285 known as Spaghetti Junction, an investor would be hard pressed to find a location with more accessibility and convenience. The seller is looking to dispose of this asset quickly and therefore the offering is being marketed unpriced, allowing the market to dictate the value of the building. Currently the building is 97% occupied, most of which is under a five to ten year lease. The building is configured with multiple access doors allowing for reconfiguration of the spaces which provides plenty of options for retenating.
EXPENSES Real Estate Taxes Insurance Management Fee Reserves Electricity Water Sanitary Services Trash Collection Total Expenses Expenses per SF
$26,350 2,000 5,024 2,575 42,000 2,400 12,000 3,600 $95,949 $7.45
Listing Office: 1100 Abernathy Road, N.E. Bldg. 500, Suite 600 Atlanta, GA 30328 Tel: (678) 808-2700 Fax: (678) 808-2710 www.marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. © 2009 Marcus & Millichap (Activity ID: Q0230072 Property ID: 1641450)
