Specialty Real Estate
7840 Roswell Road Northeast Sandy Springs, GA 30350
Details & Description
Price: $1,043,000
    SVN is pleased to offer for sale a 6,895 SF+- commercial condominium leased investment providing an 9% cap rate on 2021 projected net income with a lease through March 31, 2024 and one 5 year renewal option. The business is a fitness studio with a 12+ year history at the location. The tenant is an experienced operator in place since 2019, and has weathered the challenges of Covid 19 well.Unit 475 is a 6,895 SF fitness studio located in the Morgan Falls Business Park office condominium development on Roswell Road in Sandy Springs. The end unit features abundant natural light through an 8’ high glass wall to a 16’ exposed ceiling space configured as largely open plan with administrative office, breakroom, customer showers / change area, massage therapy and laundry room.Originally built in 1986, the space was substantially renovated in 2008 for a fitness studio. The owner’s association is responsible for roof, parking lot and grounds. In 2019, the HVAC was replaced and cosmetic upgrade completed, providing the next owner with a low maintenance investment.Morgan Falls Business Park has over 244,000 SF of primarily office space in five buildings. The park is 80% leased with an asking rent of $15.50 SF on a modified gross lease, and tenants paying utilities and janitorial. The location on Roswell Road is 9 minutes from GA 400 and 11 minutes from the North Sandy Springs MARTA station.Highlights6,895 SF+- condominium leased investment9% cap rate on 2021 projection / leased through March 31, 2024Business with 12+ year history at the location / current tenant in place since 2019Low maintenance / substantial interior renovation 2008 / HVAC replaced 2019Morgan Falls Business Park / 5 building 244,000 SF+ professional setting
    Listing Agents
    Matthew Levin

    O: 770-209-1700
    M: 678-467-9658
    levinm@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    7840 Roswell Road Northeast

    Sandy Springs, GA 30350

    6895 SF- Condominium Investment For

    Listing ID: 204049
    • 7840 Roswell Road Northeast Sandy Springs, GA 30350 | for Sale | Photo 1
    • 7840 Roswell Road Northeast Sandy Springs, GA 30350 | for Sale | Photo 2
    • 7840 Roswell Road Northeast Sandy Springs, GA 30350 | for Sale | Photo 3
    7840 Roswell Road Northeast | for Sale | Thumbnail 1
    7840 Roswell Road Northeast | for Sale | Thumbnail 2
    7840 Roswell Road Northeast | for Sale | Thumbnail 3
    Building Size: 6,895 SF
    Lot Size: 6.895 AC
    Land Size: 300,346 SF
    Building $/SF: $151.27
    Land $/SF: $3.47
    Price
    $1,043,000
    Description

    SVN is pleased to offer for sale a 6,895 SF+- commercial condominium leased investment providing an 9% cap rate on 2021 projected net income with a lease through March 31, 2024 and one 5 year renewal option. The business is a fitness studio with a 12+ year history at the location. The tenant is an experienced operator in place since 2019, and has weathered the challenges of Covid 19 well.

    Unit 475 is a 6,895 SF fitness studio located in the Morgan Falls Business Park office condominium development on Roswell Road in Sandy Springs. The end unit features abundant natural light through an 8’ high glass wall to a 16’ exposed ceiling space configured as largely open plan with administrative office, breakroom, customer showers / change area, massage therapy and laundry room.

    Originally built in 1986, the space was substantially renovated in 2008 for a fitness studio. The owner’s association is responsible for roof, parking lot and grounds. In 2019, the HVAC was replaced and cosmetic upgrade completed, providing the next owner with a low maintenance investment.

    Morgan Falls Business Park has over 244,000 SF of primarily office space in five buildings. The park is 80% leased with an asking rent of $15.50 SF on a modified gross lease, and tenants paying utilities and janitorial. The location on Roswell Road is 9 minutes from GA 400 and 11 minutes from the North Sandy Springs MARTA station.

    Highlights

    6,895 SF+- condominium leased investment

    9% cap rate on 2021 projection / leased through March 31, 2024

    Business with 12+ year history at the location / current tenant in place since 2019

    Low maintenance / substantial interior renovation 2008 / HVAC replaced 2019

    Morgan Falls Business Park / 5 building 244,000 SF+ professional setting

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    Listing Demographics for 7840 Roswell Road Northeast Sandy Springs, GA 30350

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 7840 Roswell Road Northeast in Sandy Springs?
    The asking price for 7840 Roswell Road Northeast is $1,043,000
    What is the building size of this Specialty property in Sandy Springs, GA?
    The size of the building/unit at 7840 Roswell Road Northeast in Sandy Springs is 6,895 square feet
    How much land does the Sandy Springs, GA property at 7840 Roswell Road Northeast include?
    7840 Roswell Road Northeast in Sandy Springs includes 6.895 acres of land
    What kind of Specialty is the property at 7840 Roswell Road Northeast?
    The property at 7840 Roswell Road Northeast Sandy Springs, GA 30350 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 7840 Roswell Road Northeast in Sandy Springs?
    The population within 1 mile of 7840 Roswell Road Northeast Sandy Springs, GA 30350 is 16,572 people.
    Who do I contact for questions about 7840 Roswell Road Northeast?
    You should contact the listing agent, Matthew Levin, for any details regarding this commercial listing.

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    Airport Distance (mi) Directions
    Hartsfield Jackson Atlanta International Airport (ATL) 23
    Chattanooga Metropolitan Airport (Lovell Field) (CHA) 88
    McGhee Tyson Airport (TYS) 129
    Price
    $1,043,000
    Listing Agent
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