1422 Woodmont NW Lane
$850,000
1422 Woodmont NW Lane, Atlanta, GA 30318
7
Cap Rate
59,150
NOI
Details:
Highlights:
- Lot Features: Business Park
- Gross Income: 73650
- Number Of Buildings: 1
- Bathrooms Total: 0
- Documents Available: None
- Cooling: Central Air
- Heating: Central
- Electric: 220 Volts
- Flooring: None
- Construction Materials: Brick 4 Sides
- Parking Features: Parking Lot
- Accessibility Features: Accessible Doors
- Security Features: None
Description:
2,800sf flex office retail showroom space in the surging Upper West Midtown market. The property is 100% leased with four years remaining of lease term, escalating annually at 3%. Opportunity to extend or release at substantially increased prevailing market rents. Solid Investment with stable tenant and immediate income. Landlord responsibilities are limited to roof, exterior walls, property taxes and mechanical systems repairs exceeding $1,500. The Association Fees cover Property Insurance and are paid for by the tenant. Optimally located in Upper West Midtown with its proliferating growth and real estate investment. Moments to the 80 acre Works at Chattahoochee mixed use development. The entire area is awash with adaptive reuse projects, creative office demand and residential inflows. West midtown delivers a blend of historic buildings, modern lofts, multifamily developments and repurposed warehouses and offers an opportunity for strong appreciation relative to more mature real estate markets in Metro Atlanta.

Listing ID: 7663550
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