912 Killian Hill Road, Lilburn, GA
Office for Sale - $1,225,000 - 12,000 Sq. Ft. on 1 acres
Property Info
CIMLS# | 972030 |
Location 912 Killian Hill Road Lilburn GA 30047 | |
Updated | February 14th, 2018 |
Type | Office |
Price | $1,225,000 |
Building | 12,000 Sq. Ft. |
Land | 1 acres |
Property Description
Located in Lilburn, Georgia -a northern suburb of Atlanta- Lilburn Professional Center maintains high occupancy and good cash flow due to its proven combination of limited market competition, location and competitive lease rates. High barriers to new construction and limited competing properties in the area help to insure that Lilburn Professional Center will continue to experience strong future occupancy and cash flow.
Well maintained and updated, the 2-story, approximately 12,000 SF brick office building, is situated on 1 acre of land which provides 63 parking spaces for its tenants.
Boasting an excellent mix of stable tenants including several lawyers, an advertising firm, an insurance agent, an international lighting company and a CPA, the property is anchored by Heartland Dental, GW Design Group, and Lewy Body Dementia Association.
The investment produces an initial 8.3% cap rate on existing income, creating a 5-year IRR of 17% assuming 70/30 LTV at 4.75%, 20 year amortization, with monthly debt service of $5,654.
Location Description:
Lilburn Professional Center is situated near the crossroads of Five Forks Trickum Road and Killian Hill Road, a well-travelled and active intersection in this densely populated section of Gwinnett County. Surrounded by retailers such as Publix, CVS, Dollar Tree, Subway, Rite Aid and Wendy