203 Woodpark Place, Building C

Woodstock, GA

Office for Sale - $1,200,000 - 7,857 Sq. Ft. on 1 acres

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #972813
Location203 Woodpark Place, Building C
Woodstock GA 30188
Last UpdatedJanuary 26th, 2018
Building7,857 Sq. Ft.
Land1 acres

Attached Documents


Property Description

This 7,857 SF medical office building is occupied by WellStar Health System who recently extended their lease through June of 2022. The building has been home to a successful medical practice since it’s construction in 1994, while the Woodstock population has more than tripled since 2000. The asset is generating Net Operating Income of $90,143 and the lease is subject to attractive 2.5% annual increases. WellStar paid for renovations of the building in 2014. There is 2,500 SF of well-finished office space on the second floor, currently vacant, providing an investor the opportunity to capture additional value. 60% of Wellstar's business is sourced from Cherokee County supporting this as an extremely important location to the tenant.

Location Description:

This WellStar Medical Group occupied office is favorably located off of highly traveled Hwy 92 in Woodstock, GA which has a daily traffic count of 59,060. The property is less than 2 miles from Downtown Woodstock and less than one mile from I-575 for easy access to all of Atlanta with new express lanes into the city.


>> 7,857 SF medical office building occupied by an investment grade credit healthcare tenant

>> Competitive 7.5% Cap Rate on existing income

>> Opportunity to lease additional space and create additional value for an opportunistic investor

>> 2.5% annual rent increases

>> Strong operating history in a strategic healthcare market

>> WellStar Health System is the largest health system in Georgia

>> 575 home development will soon be adjoined to Woodpark Place by a new road

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