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2,726 SF LEASED OFFICE CONDO INVESTMENT SALE1325 SATELLITE BLVD, BLDG 1000 SUITE 4SUWANEE, GA 30024
Matthew Levin, CCIMSenior [email protected]
SVN | INTERSTATE BROKERS | 3300 HOLCOMB BRIDGE RD, STE 240, PEACHTREE CORNERS, GA 30092 SALE BROCHURE
SALE HIGHLIGHTS
• 2,726 SF leased 3 years to a multi-location therapy practice
• Quality office in a professional environment
• Brick, stone & wrought iron details in well landscaped setting
• Marble floor + chandelier lobby
• Fob and steel door secured entry
• Conference room with double French doors, trey ceiling &
wainscoting, crown molding and built-ins
• Upgraded finished trim throughout
• 2 corner executive offices with wainscoting & white boards
• 6 private offices on glass
• Attractive landscaping throughout business park
Property Name: 2,726 SF Office Condo Investment Sale
Property Address: 1325 Satellite Blvd, Bldg 1000 Suite 4
Price:
NOI:
Suwanee, GA 30024
$439,000 / $166 SF
31,284 2020 Projected
PROPERTY OVERVIEW
SVN is pleased to present for sale as a leased investment a2,726 SF office condo in Suwanee. The Gates at Sugarloaf is anupscale office park projecting a professional image with brick,stone and wrought iron details in a well landscaped setting onlyone mile from I-75.
The three year lease through June 2022, is the third location forthe Carter Treatment Center, Inc. providing addiction recoverycounseling programs with a holistic approach. Carter Treatmenthas two other offices located in Gainesville and Peachtree City.
Under the 3 year lease, the landlord is responsible for the costsof taxes, insurance, association fees and for repairs to theHVAC system. The tenant is responsible for repairs to theinterior excluding the HVAC system. There is one option torenew for three years.
LOCATION OVERVIEW
The Gates at Sugarloaf office condominium is located near theintersection of Old Peachtree Road and Satellite Blvd inSuwanee, Georgia approximately one mile from Interstate 75.
Property Details & Highlights
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
PROJECTED CASH FLOW INCOME YEAR 1 YEAR 2 YEAR 3 Rent $39,540.00 $42,240.00 $45,000.00 Other Reimb. (HVAC) $ 300.00 $ 300.00 $ 300.00 Subtotal $39,840.00 $42,540.00 $45,300.00 EXPENSES Taxes $ 4,526.44 $ 4,617.00 (2% increase) $ 4,709.00 (2% increase) Insurance $-0- $-0- $-0- Repairs $ 500.00 (estimate) $ 510.00 (2% increase est.) $ 520.00 (2% incr. est.) Association Fees $ 6,009.12 $6,129.00 (2% increase) $ 6,252.00 (2% increase) Management $-0- $-0- $-0- Leasing Commissions $11,410.20 $-0- (non recurring) $-0- Subtotal $21,945.76 $11,256.00 $11,481.00 NET OPERATING INCOME $17,894.24 $31,284.00 $33,819.00
RETURN 6.9% 7.5%
RENT ROLL
Tenant Sq Ft Term Rent Period Annual Rent Monthly Rent $ Sq Ft Notes
The Carter Treatment Center, Inc. 2,726 7/1/2019-6/30/2022 7/1/2019-6/30/2020 $39,540 $3,295 $14.50 Original lease 7/1/2020-6/30/2021 $42,240 $3,520 $15.50 “ “
7/1/2021-6/30/2022 $45,000 $3,750 $16.50 “ “
Renewal Option 7/1/2022-6/30/2025 $49,068 $4,089 $18.00 90 days’ notice
Use: Office Expenses: Interior Repairs Interior repairs except HVAC 100% paid by tenant. (lease section #5.3) HVAC Repairs 100% paid by landlord. (lease section #5.2) Tenant reimburses landlord $300 per year toward HVAC
servicing costs. Exterior Repairs Exterior repairs paid by landlord through owner association fees. (lease section #5.2) Utilities 100% paid by tenant. (lease paragraph #6) Insurance 100% paid by landlord through association fees. (lease section #3.3) Common Area Charges 100% paid by landlord through association fees. (lease section #3.3) Taxes 100% paid by landlord. (lease section #2.16)
Rent Roll & Cashflow Projection
1325 Satellite Blvd, Unit 801
Building 800 - Gates at SugarloafSuwanee, GA 30024
Class B Office Condo of 2,806 SF Sold on 7/8/2020 for $465,000- Research Complete
buyer
Taylor Real Estate Services3180 North Point PkyAlpharetta, GA 30005(678) 205-1330
seller
vital data
Sale Date: 7/8/2020
Days on Market: 33 days
Exchange: No
Conditions: -
Land Area SF: -
Acres: -
$/SF Land Gross: -
Year Built, Age: 2007 Age: 12
Parking Spaces: -
Parking Ratio: 0/1000 SF
FAR -
Lot Dimensions: -
Frontage: -
Comp ID: 5174123
Sale Price: $465,000
Status: Confirmed
Condo Type: 2,806 SF Office Condo
Building SF: 17,350 SF
Price/SF: $165.72
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: -
Trans Tax: -
Corner: No
Zoning: -
No Tenants: 5
Percent Improved: -
Submarket: Duluth/Suwanee/Buford
Property Type: Office
-Tenancy:
Parcel No: -
Map Page: -
Escrow/Contract: -
income expense data Listing Broker
Buyer Broker
prior sale
Date/Doc No:
Sale Price:
CompID:
6/25/2014
$1,425,000
3059966
financing
Copyrighted report licensed to SVN Bell Commercial - 1030986. 7/11/2020
Page 1
Additional Photos
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Floor Plans
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
2,726 SF Office CondoInvestment Sale
Aerial Map
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Location Maps
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 5,698 54,991 169,376
Median age 35.6 34.7 33.9
Median age (Male) 34.8 33.5 32.8
Median age (Female) 36.5 35.8 35.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,852 18,457 57,021
# of persons per HH 3.1 3.0 3.0
Average HH income $95,758 $94,139 $87,722
Average house value $378,264 $371,263 $297,421
* Demographic data derived from 2010 US Census
Demographics Map
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4, SUWANEE, GA 30024 SVN | Interstate Brokers | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
2,726 SF OFFICE CONDO INVESTMENT SALE | 1325 SATELLITE BLVD, BLDG 1000 SUITE 4 SUWANEE, GA 30024 SVN | Interstate Brokers | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.
GA #119351
MATTHEW LEVIN, CCIM
Senior Advisor
[email protected]: 770.209.1700 | Cell: 678.467.9658
PROFESSIONAL BACKGROUND
Matthew J. Levin, CCIM, serves as a Senior Advisor for SVN, focusing on the sale and leasing of retail, office and industrialproperties. With over 23 years experience in the real estate industry, he has completed over 500 transactions valued at $250million.
Matthew is a multi-year recipient of the Partner Circle Award, SVN's highest recognition, and consistently performs in the top 100of advisors nationally.
Prior to joining SVN, Matthew served as President of Dekalb Realty Company. Previously, he served as a $250 million CommercialReal Estate Non-Performing Loan Portfolio Manager for the Federal Deposit Insurance Corporation (FDIC).
Matthew is a Phoenix Award recipient of the Atlanta Commercial Board of Realtors' Million Dollar Club. He is past president of theGeorgia State University, Real Estate Alumni Group, and past chairman of the Scholarship Committee of the Georgia Chapter ofCCIM.
Matthew received his Bachelor of Arts from Emory University and Master of Science degree in Real Estate from Georgia StateUniversity.
He lives with his wife of over 23 years Valerie and daughter Camille. Matthew is an avid sailor having first learned from his father."Sailing is much like life, you're heading for a destination and the changes in weather, wind and current require anticipation,attention and adjustment. Getting there can be as interesting as arriving."
SVN | INTERSTATE BROKERS3300 Holcomb Bridge Rd, Ste 240
Peachtree Corners, GA 30092404.303.1232
Advisor Bio 1
