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1680 Phoenix Boulevard
College Park, GA 30349
Asking Price
$3.81M
Cap Rate
8.25%
Asset Type
Traditional Office Office
Class
Class B
What's Special
Office | 8.25% CAP | 28,275 SqFt <ul><li>Georgia State Office of Vital Records - Serves as the central repository for the entire State of Georgia serving all 159 counties</li><li>AAA Credit - The State of Georgia maintains the highest possible credit rating</li><li>100% Utilization - Physical occupancy with operations Monday - Friday, 9:00 AM-4:00 PM.</li><li>Below Market Rent - In place rents of $12.70 vs Market rents of $20, a 36.5% Mark to market opportunity</li><li>High Yield, Low Basis - 8.25% Cap at $135 PSF offering
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NOI
$80,000
Cap Rate
2.10%
DSCR
0.35
Underwater
Cash-on-Cash
-12.79%
Monthly Payment
$18,849.801
Annual Cash Flow
$-146,197.614