Suite 104 Medical/Dental Specialty Cntr Condo

2,736+- SF MEDICAL/DENTAL OFFICE CONDO–OWNER-USER INVESTMENT OPPORTUNITY – PRICED 10+% BELOW APPRAISAL

Commercial Realty of GA is offers Suite 104 at the Snapfinger Medical-Dental Specialty Center in the Decatur/Stonecrest area of DeKalb Co. The approx 2,736 SF suite is configured for medical use and offers an attractive opportunity for a physician or other permitted healthcare professional seeking to own rather than lease office space.

LIST: $349,900 – recent appraisal  $395,000. DISTRESS SALE - MAKE OFFER!

The suite was substantially updated following its 2021 acquisition. The recent appraisal reports approx $56,000 of 2021-2022 improvements, incl HVAC repairs/upgrades, flooring, electrical and lighting improvements, painting, crawl-space maintenance/sealing and other repairs. The appraisal describes the property's building quality, condition and appeal as above average.

The existing medical-office layout includes reception/waiting areas, multiple exam/treatment rooms, private offices, staff/work areas, kitchen/break area, multiple sinks, storage and three restrooms. A separate physician/staff entrance supplements the primary patient entrance.

Convenient ramped sidewalk access is located near the covered patient pick-up/drop-off area. The building is constructed over a crawl-space foundation, providing useful under-floor access that may facilitate future plumbing modifications for medical or dental build-out, subject to applicable approvals and code requirements. Individual HVAC controls and direct suite access support independent operation without dependence on traditional multi-tenant office building hours.

The Snapfinger Medical-Dental Specialty Cntr consists of two single-story office buildings totaling approximately 12,832 SF with individually owned medical-office condo suites. Shared surface parking is available throughout the center. Condo documents restrict occupancy to specified medical/dental professional uses, helping preserve the property's specialized healthcare-office environment. Prospective purchasers should review the condominium documents to confirm that their intended use is permitted.

OWNER-USER OPPORTUNITY: Suite 104 offers an owner-user the opportunity to control occupancy, build equity and reduce dependence on leased medical office space.

INVESTMENT OPPORTUNITY: The recent appraisal concluded market base rent of approx $13.50/SF NNN and modeled stabilized NOI of approx $31,750 annually. At the current $349,900 asking price, those appraisal-derived assumptions imply a projected stabilized capitalization rate of approx 9.1% following lease-up to a qualified medical/dental tenant. Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.

LOCATION: Decatur/Stonecrest location approx 1 mi from I-20 via Panola Road, convenient access to Covington Hwy/US 278, Turner Hill Rd/GA 124 and the surrounding DeKalb/Stonecrest medical-service area. MARTA bus service is available along the Snapfinger Woods corridor, providing connectivity to Decatur Station & the Stonecrest area.