Metro Atlanta Value-Add Micro Office Suites Business Portfolio | 400 Units | 8% Existing Cap Rate

Investment Overview

The Micro Office Suites Business is a cash-flow investment built on a simple, in-demand model: leasing small office suites to online automobile dealers. The portfolio includes 400 micro-office suites in eight freestanding buildings. Five of the buildings are owned and three are leased. The business has a proven track record of strong cash flow and runs on an established, tech-enabled operating platform making it easy to own, manage and grow. Tenant demand comes from the growing number of online car dealers, who need a physical business location to meet state licensing requirements. Georgia issues more than 1,000 new dealer licenses each year, so the business is well positioned to keep capturing that demand. The portfolio also has a clear path to growth. Two of the owned properties have room for about 130 more suites. The portfolio currently generates $891,796 in annual NOI and could possibly reach $1,275,352 within 18 months as those suites are built out, an increase of about 43%.