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If I had $5.8 million I’d buy this office park in the center of Sandy Springs, which is 100% leased and still has juice in the deal. A majority of tenants are medical, who typically stay put once their practice is established. While some investors prefer a single tenant property, having multiple tenants in an office park like this spreads the vacancy risk.
The site is walking distance to City Hall, several restaurants and offers free parking on the 2.25-acre parcel. With capital improvements completed, below-market rents and a 7% return on investment, this is a formula for success.
– Steve Massell, Massell Commercial Real Estate