1. 3550 Lawrenceville Suwanee Rd., Suwanee, GA 30024
Alan Callioni
VP/Broker
David Realty Partners
Phone
Cell
Fax
Leasing upside! 2 Retail Buildings / 2 Warehouses
51,200 SF Flex Building Offered at $4,190,000 at a 7.84% Cap Rate
Directly in front of the stoplight at Lawrenceville-Suwanee Rd. & Smithtown Rd.
Excellent visibility
Very well kept buildings
Easy to manage tenant base
Tenants pay on time
Easy upside for leasing out the 2 remaining vacancies
3.58 acres with 4 buildings. 13% vacant currently (2 vacancies of 2,000 SF each) The NOI given is based on the actual 13% vacancy. Both vacancies are for lease at $1,950/month MG. We have a lease out for signature on one vacancy for a 3 year term. This would increase the NOI to $351,500 and a result in a higher CAP rate of 8.39%. Therefore, there is some easy upside on the lease up here.
The front 2 buildings are of metal construction with stucco facades that have brick and stone accents. These are built as traditional strip centers, but they also have roll up doors at the rear of each suite for extra utility. The rear two buildings are all metal, with tall, roll up doors at the front. They are insulated and heated with the office areas having air conditioning. All leases are Modified Gross. Tenants pay all own utilities. Landlord is responsible for HVAC repairs. Built in Seller is very private and will only deal with very serious buyers. He will share further information only after the prospective buyer has walked the property, signed of a Confidentiality Agreement and provided a company bio.
Price: $4,190,000
Property Type: Flex
Sub Type: Light Distribution
Building Class: C
Sale Type: Investment
Cap Rate: 7.84%
Lot Size: 3.58 AC
Rentable Building Area: 51,200 SF
Stories: 1
Year Built: 1987
Tenancy: Multiple
Parking Ratio: 1.88/1,000 SF
Clear Ceiling Height: 16 FT
5 -12'w x 12'h Drive In Doors

2. PRINCIPALS ONLY 3550 Lawrenceville Suwanee Rd., Suwanee, GA 30024
Alan Callioni
VP/Broker
David Realty Partners
Phone
Cell
Fax
2 Retail Buildings / 2 Warehouses with leasing upside!
51,200 SF Flex Building Offered at $4,190,000 at a 7.84% Cap Rate
MAJOR TENANT INFORMATION
TENANT SF OCCUPIED
Ben Son Glass & Mirror ,000
Chiropractor ,400
Grace Mission Church ,000
Massage Clinic ,000
North Georgia Graphics, Inc ,400
State Farm Insurance ,000
Together Nail Parlor ,000
Window Tinting ,000
INCOME
VACANT UNITS (2 Serious Prospects for both right now)
SQ. FT. MONTHLY RENT ANNUAL RENT
2,000 $1, $23,400
$3, $46, (Potential Vacancy Gross Income)
51,200 Total SF for the 4 Buildings
ACTUAL CURRENT GROSS INCOME 2018: $398,500
EXPENSES
Taxes: $33,109
Insurance: $13,000
Electric: $5,100
Landscaping: $3,780
Maintenance: $5,400
Management Fee: $10,000
13% Vacancy Factor: Included
TOTAL OPERATING EXPENSES: $70,389
ACTUAL NOI $328,111
VALUE AT 8% CAP RATE ON INCOME: $4,101,388
FIRM ASKING PRICE: $4,190,000
PRINCIPALS / DIRECT BUYERS ONLY, PLEASE. NO REAL ESTATE COMMISSIONS PAID TO OUTSIDE AGENTS. PRICE IS FIRM.
Serious Buyers only must contact the Listing Broker for a showing. If the property is of interest to you, then Buyer must show:
1. Proof of down payment funds
2. A financial statement
3. A brief bio on your investing experience and current properties owned
After this is received, we will provide a Confidentiality Agreement and you will sign a 2 page letter of intent for you to obtain further information. Both are attached to the Loopnet ad. 51,200 SF Retail and Light Industrial complex. 4 buildings. 2 retail buildings (strip centers) in the front and 2 light industrial buildings (mostly warehouses with some offices) at the rear.
View the full listing here:
PRINCIPALS ONLY

3. PRINCIPALS ONLY 3550 Lawrenceville Suwanee Rd., Suwanee, GA 30024
Alan Callioni
VP/Broker
David Realty Partners
Phone
Cell
Fax
2 Retail Buildings / 2 Warehouses
51,200 SF Flex Building Offered at $4,190,000 at a 7.84% Cap Rate
View the full listing here:
PRINCIPALS ONLY

4. PRINCIPALS ONLY 3550 Lawrenceville Suwanee Rd., Suwanee, GA 30024
Alan Callioni
VP/Broker
David Realty Partners
Phone
Cell
Fax
2 Retail Buildings / 2 Warehouses
51,200 SF Flex Building Offered at $4,190,000 at a 7.84% Cap Rate
View the full listing here:
PRINCIPALS ONLY