912 Killian Hill Road

Lilburn, GA

Office for Sale - $1,225,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #972030
Location912 Killian Hill Road
Lilburn GA 30047
Last UpdatedJanuary 16th, 2018
TypeOffice
Price$1,225,000

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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’s, the property boasts excellent visibility and access from Killian Hill Road. Benefitting from approximately 19,966 households in a 3 mile radius, the property is strategically situated for tenants by creating a neighborhood feel to which their customers and clients are accustomed.

Highlights:

>> Approximately 12,000 SF 2-story brick office building

>> 8.3% cap rate

>> High occupancy and good cash flow

>> Located near the intersection of Killian Hill Rd and Five Forks Trickum Rd

>> Situated on 1 acre site

>> 63 parking spaces (6.1/1,000SF)

>> Boasting an excellent mix of stable tenants

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