SK Commercial Realty (SKCR) is pleased to present Building 100 of Lost Mountain Professional Center, a rare opportunity to acquire a fully-leased medical office building in the growing suburb of Powder Springs, Georgia. This 15,723 square foot medical office building is located in a highly trafficked and affluent corridor of Cobb County. Average household income within a three mile radius is an impressive $147,413, nearly double the national average.
The asset boasts an impressive mix of successful medical office tenants providing various services such as obstetrics and gynecology, primary care, vein treatment, physical therapy and podiatry. The building itself is part of a multi-building medical office park with an even wider variety of medical office tenants creating a synergistic environment. The property is highly visible to a major thoroughfare (Highway 120), a well-traveled, four-lane highway in Cobb County, GA.
Lost Mountain Professional – 100 is highlighted by a number of factors, including a credit tenant roster, asset and submarket momentum and limited rollover risk. This fully-leased medical office building will serve as a great addition to any investor’s medical office portfolio.
» Outstanding WALT with the two largest tenants just starting 10 year lease terms
» Low vacancy and rising rental rates in submarket/product type due to rapid growth
» Diversified tenant mix ensures longterm stability
» No tenant renewal options exist beyond current lease terms
» High visibility along Highway 120 with traffic counts of approximately 26,222 VPD
» Property situated amidst the “rooftops” offering patients convenient access » Minimal Landlord responsibilities
» Complimentary uses within the building/park provide a strong network of referral sources
» Average Household Income in the immediate area $147,413