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We all know how the pandemic shifted the landscape for office workers, and one of the beneficiaries has been co-working spaces, an industry experiencing rapid growth. This attractive asset is located in a very walkable, amenity-rich area of downtown Gainesville, Georgia.
The two-story, 15,000-plus-square-feet brick building has been fully renovated, and features a long-term, single-tenant triple-net lease with annual rent bumps. A major equity firm has infused a large amount of capital with the tenant guarantor, who is planning a 500-unit expansion. The investment is offered at $4,724,000 and delivers an initial 6.35% ROI. Call me at 404-255-6810 for details.
– Steve Massell, Massell Commercial Real Estate