480 old canton roadBall Ground, GA 30107

Description

Investment deal in mixed-use center with professional office and retail space. Located in the renovated historic Ball Ground Elementary School, re-named "The Elm" and making for unique feel of property and adaptive re-use of historic building. 11 current tenants, and 13 total tenant spaces ranging from 644SF to over 8,000SF with current occupancy rate of 89%. These private office suites have been fully renovated and are suitable for both small and growing businesses with some sharing access to common areas, including bathrooms and some with fitted with fully private bathrooms. The two suites remaining for lease include 1700+SF "lunchroom" - an open area space that is perfect blank space for incoming business, and a 990SF space fit for commercial kitchen, which could easily be fitted for offices with private bathroom. Annualized Proforma NOI, based on 100% occupancy is over $350,000 with all leases in place having annual escalations of at least 3%. Common Area Maintenance Fees are paid by all tenants and cover expenses such as utilities, landscaping, trash services, security and janitorial expenses. The Elm is located a short drive from Interstate-575, just over a mile and a half away, which connects to Interstate-75 and Hwy-515, for easy commute from Canton, GA or Jasper, GA. Ball Ground is seeing an increase in growth as it is located in one of the more rapidly growing counties in the state of Georgia with an average yearly population increase over 6% each year since 2020 and healthy median household income over $100k.