Bought with Neda Gayle • BHHS Georgia Properties
$825,000
$875,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
3,484 Sqft Lot
SOLD DATE : 03/21/2023
Key Details
Sold Price $825,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Ridenour Summit Office Building
MLS Listing ID 20080553
Sold Date 03/21/23
Construction Status Resale
Year Built 2006
Annual Tax Amount $5,562
Tax Year 2022
Lot Size 3,484 Sqft
Property Description
Suite 200 in The Ridenour Summit Building offers an exceptional value in a high-quality, well-located building. Great for any investor looking for a solid return or the candidates for a 1031 Exchange. The suite is 4,183 rentable sq. ft. in a 24,685 sq. ft. multi-tenant building. It is tough to find an office with this size, “A” class quality, location, and sound financials. The property’s excellent location also makes it stand out (located at an intersection of two major thoroughfares (US Highway 41/Cobb Parkway and Barrett Parkway, AND just 2 miles West of I-75), plus close access to major shopping, restaurants, and other amenities. The retail center across the street, Kennesaw Marketplace, was completed in 2016 and features well known stores such as Whole Foods, Academy Sports, Hobby Lobby, and numerous small food and retail stores including Starbucks. This office condominium makes an excellent investment, with a strong firm having approximately 3 years remaining on the existing lease. This tenant has leased Suite 200 for almost 7 years. Tenant pays ALL costs. Current NOI is $66,000 annually. There is a strong upside as well, contact agent for details.
Location
State GA
County Cobb
Zoning PVC-Planned Village Community, City of Kennesaw, Cobb County, GA. Future Land Use Map classification is RAC-Regional Activity Center. These are areas of large developments and serve as regional destinations as a hub for business activity and employment.
Interior
Heating Central, Common, Forced Air
Cooling Central Air, Electric, Humidity Control
Flooring Carpet, Laminate, Other
Exterior
Parking Features Parking Lot
Garage Spaces 106.0
Utilities Available Cable Available, Electricity Available, High Speed Internet, Sewer Available, Phone Available, Water Available
Building
Sewer Public Sewer
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
Special Listing Condition Covenants/Restrictions
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