Daily limit: 0/10
Clayton County BOE Acquires Southlake Medical Plaza In Morrow For $3.2M
SOLD
$3,200,000
Georgia
See Similar DealsMedical Office33,943 SF
Sold 10/18/2023
SOLD
Clayton County BOE Acquires Southlake Medical Plaza In Morrow For $3.2M
6635 Lake Drive
See Similar DealsMedical Office33,943 SF
Sold 10/18/2023
Summary
GEORGIA
Asset Type:Medical Office
Price Per Square Foot:$94
Total Square Footage:33,943 SF
Transaction Type:Sale
The Clayton County Board of Education has acquired the Southlake Medical Plaza, a 33,943-square-foot medical office property located at 6635 Lake Drive in Morrow, Georgia. The property was sold for $3.2 million, with a price per square foot of $94.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,200,000
- Square Footage: 33,943
- Address: 6635 Lake Drive, Morrow, GA
- Market: Morrow, GA
John Lopez and Kevin Markwordt from Transwestern served as the brokers in this transaction, representing the buyer, Clayton County Board of Education.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
Is there something missing? Send suggestions