8060 Webb Rd, Riverdale GA

Office for Sale - $995,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #960869
Location8060 Webb Rd
Riverdale GA 30274
Last UpdatedNovember 11th, 2017
TypeOffice
Price$995,000

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Property Description

Unique opportunity for user or investor to purchase a well-constructed building and collect $20,833 in monthly rent from USPS until end of May, 2018. USPS completed original 20 year lease in built-to-suit property at end of July, 2017, and signed a 10-month extension at that time. USPS may attempt to extend their lease further, but owner can then choose to renegotiate or occupy.

Location Description:

Less than 10 miles to Hartsfield-Jackson International Airport.

Highlights:

>> User or investor opportunity

>> Collect $20,833 in monthly rent from USPS until end of May, 2018

>> Brick construction

>> Loading dock

>> Less than 10 miles to Hartsfield-Jackson International Airport

>> Parking ratio 6.7/1,000 SF

>> $187,500 rent still on USPS lease

>> 18.9% cap rate

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