9166 SF Multi-Tenant Office Building Chamblee

Investment Overview

SVN | Second Story is pleased to offer 3299 Northcrest Road for sale. The property is a 9,166-square-foot, two-story office building in DeKalb County, with a Doraville/Atlanta mailing address. Built in 1981, it sits on about 0.52 acres and has 30 dedicated surface parking spaces, a ratio of 3.27 per 1,000 SF. It is zoned OI (Office-Institutional), which allows a wide range of office and institutional uses. The building is 100% occupied by two established tenants, one on each floor. CleanNet of Atlanta has been on the first floor, about 4,522 SF, for more than 10 years. A church has occupied the second floor, about 4,644 SF, for almost two years. Both tenants are on month-to-month gross leases, which gives a buyer real flexibility. Tenant SF (est.) Monthly Current $/SF CleanNet (1st Floor) 4,522 $4,500 $11.94 Outreach (2nd Floor) 4,644 $3,500 $9.04 Total 9,166 $8,000 $10.47 With SBA 504 financing, an owner-user can occupy its own floor for about what it would cost to lease comparable space, while building equity and controlling its own real estate. The property is just minutes from I-85 and I-285 at Spaghetti Junction, which puts all of metro Atlanta within easy reach.

Investment Highlights

• 9,166 SF two-story office building on 0.52 acres
• 30 surface parking spaces (3.27/1,000 SF)
• OI (Office-Institutional) zoning in DeKalb County
• 100% occupied by two tenants, both month-to-month
• Owner-user can occupy either floor, about 4,500–4,600 SF each
• Remaining tenant's rent offsets the buyer's occupancy costs
• Strong fit for SBA 504 financing
• Below-market rents leave clear upside for an investor
• Minutes from I-85 and I-285
• Fits professional, medical, nonprofit, institutional or headquarters users