Updated Dec 4, 2024
Clayton County BOE Acquires Southlake Medical Plaza In Morrow For $3.2M
6635 Lake Drive
$3,200,000
$94/SF
Building Size
33,943 SF
Asset Type
Medical Office
Closing
Oct 18, 2023
About this deal
AI
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.
On the Map
$3,200,000
$94/SF
Medical Office
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Players
Morrow Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93