1900 Pennsylvania Ave
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1900 Pennsylvania Ave
6,300 SF 100% Leased Office Building Mcdonough, GA 30253 $1,100,000 ($175/SF) 8.73% Cap Rate
Investment Highlights
- Ideal for corporate offices, medical practices, or professional services.
- Adjacent businesses include Walmart, Dave & Buster's, Burlington, Hobby Lobby.
- Conveniently located a half mile away from I-75 in a well trafficked commercial corridor.
- Surrounded by the energy of a fast-expanding community.
Executive Summary
1900 Pennsylvania Ave is a premier professional office building in McDonough, GA. Located in Henry County within a professional business park, Heritage Park. The 6,300 square feet building includes four spacious and well-designed office suites each generating rental income. The building also features modern architecture and stylish interiors, a versatile floor plan for various professional uses, and dedicated parking for tenants and visitors. Strategically situated in the heart of McDonough sits this property in a prime location easily accessible from major highways facilitating easy commuting. Let's also not forget the thriving business park environment amidst Henry County's rapid growth. 1900 Pennsylvania Ave provides is an investment opportunity for all looking to capitalize on the flourishing real estate market, position themselves in a region witnessing increased property values, and a chance to own a piece of McDonough's dynamic business landscape.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$93,600
|
$14.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,600
|
$14.86
|
| Taxes |
$7,000
|
$1.11
|
| Operating Expenses |
$3,000
|
$0.48
|
| Total Expenses |
$10,000
|
$1.59
|
| Net Operating Income |
$83,600
|
$13.27
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $93,600 |
| Annual Per SF | $14.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,600 |
| Annual Per SF | $14.86 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.11 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.48 |
| Total Expenses | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $1.59 |
| Net Operating Income | |
|---|---|
| Annual | $83,600 |
| Annual Per SF | $13.27 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,300 SF
Building Class
B
Year Built
2003
Price
$1,100,000
Price Per SF
$175
Cap Rate
8.73%
NOI
$96,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,300 SF
Building FAR
0.54
Lot Size
0.27 AC
Zoning
O-I - Commercial
Parking
20 Spaces (3.17 Spaces per 1,000 SF Leased)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
10,444
41,597
83,127
2024 Population
11,292
46,508
90,503
Population Growth '20-'24
8.1%
11.8%
8.9%
2020 Households
3,868
15,142
28,995
2024 Households
4,202
17,016
31,705
Household Growth '20-'24
8.6%
12.4%
9.4%
Average Age
33
36
37
Median Household Income
$51,656
$66,507
$77,893
Daytime Employees
5,964
22,238
30,644
Total Businesses
520
2,409
3,463
College Degree + Higher
18%
24%
27%
PROPERTY TAXES
| Parcel Number | 0092-01-004-020 | Total Assessment | $193,800 |
| Land Assessment | $25,880 | Annual Taxes | $7,000 ($1.11/SF) |
| Improvements Assessment | $167,920 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0092-01-004-020
Land Assessment
$25,880
Improvements Assessment
$167,920
Total Assessment
$193,800
Annual Taxes
$7,000 ($1.11/SF)
Tax Year
2024
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