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Chapel Hill Office Park 3133 Golf Ridge Blvd

15,999 SF 100% Leased Office Building Douglasville, GA 30135 $1,500,000 ($94/SF) 8.25% Cap Rate

Investment Highlights

  • Ample parking
  • Many long term tenants
  • Great and growing location
  • Fully Leased

Executive Summary

16,000 square foot class B office building in Douglasville. Property is occupied by several long term tenants many with recently renewed leases. Building is fully leased. Recent updates include HVAC and plumbing.
Located in the city of Douglasville in the Chapel Hills Office Village south of I-20 on the corner of Chapel Hill Road, near Arbor Place Mall. Surrounded by upscale retail, dining and residential developments.
Douglasville, GA: A city on the rise! Exciting growth and opportunities are transforming this vibrant community. Large economic developments like Sam's Club’s new fulfillment center in Douglas County, creating 600 jobs and investing over $142 million will significantly boost the local economy and increase the need for new thriving businesses and expansions. Douglasville is also becoming a destination for movie magic. Lionsgate Studios has chosen the city for its new film and TV complex, "Great Point Studios." Covering 40 acres and costing $160 million, this state-of-the-art facility will feature 11 sound stages. It promises to be an epicenter for creativity and a haven for filmmakers. Amidst this wave of development, Douglasville maintains its charm and sense of community. Historic downtown offers unique shops and delightful dining options. Located near Atlanta, Douglasville provides easy access to the city's opportunities while offering a close-knit community where neighbors support each other and local businesses thrive.

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
15,999 SF
Building Class
B
Year Built
1995
Price
$1,500,000
Price Per SF
$94
Cap Rate
8.25%
NOI
$123,734
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,333 SF
Slab To Slab
11’
Building FAR
0.30
Land Acres
1.23 AC
Zoning
OI - Office
Parking
65 Spaces (4.06 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6015-00-5-0-120
Land Assessment
$76,760
Improvements Assessment
$709,280
Total Assessment
$786,040
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 28942195

  • Date on Market: 7/7/2023

  • Last Updated:

  • Address: 3133 Golf Ridge Blvd, Douglasville, GA 30135

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