1551 Jennings Mill Rd #1400B, Watkinsville, GA 30677
1551 Jennings Mill Rd #1400B, Watkinsville, GA 30677
1551 Jennings Mill Rd #1400B, Watkinsville, GA 30677
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George Meyers

George Meyers

+1(912) 313-2424
$725,500
Est. payment /mo
3,200 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $226

MLS Listing ID CL361905

HOA Fees $1,134/mo

HOA Y/N Yes

Year Built 1998

Lot Size 1,307 Sqft

Acres 0.03

Property Sub-Type Office

Source SAV

Property Description

Now offered for sale as a stabilized, income-producing investment, this 3,200 SF Class B professional office unit is 100% leased to a single tenant in a highly desirable Watkinsville location. Positioned along Jennings Mill Road, just minutes from Epps Bridge Parkway, GA 316, and downtown Athens, the property provides excellent access to major corridors, strong visibility, and proximity to retail, dining, and residential growth in Oconee County. Unit 1400B spans three levels - a 1,200 SF lower level and 2,000 SF across the main and second floors - featuring flexible layouts, modern finishes, and ample natural light. The in-place tenant has approximately 4.5 years remaining on a 5-year lease with 4% annual rent escalations already built in, delivering secure, growing cash flow from day one with meaningful upside for an investor over the lease term and beyond, in one of the region's more desirable office markets. Full lease abstract and financials available upon request. Investment highlights List Price: $725,500 Cap Rate: 7.0% (based on Year 1 NOI) Year 1 NOI: $50,784 100% leased to a single tenant - ~4.5 years remaining on a 5-year term 4% annual rent escalations built in - contractual NOI growth every year In-place rent: $15.87/SF/YR + TICAM + utilities (TICAM = $4.23/SF/YR reimbursed by tenant) Passive, low-management single-tenant investment

Location

State GA

County Oconee Co.

Direction Resource Valley office complex. Pull into the complex off Jennings Mill Rd, take an immediate left until it dead ends, then take a left. Building is on your right, unit 1400B.

Rooms

Basement Partially Finished

Interior

Heating Central, Electric

Cooling Central Air, Electric

Appliance Electric Water Heater

Exterior

Utilities Available Underground Utilities

Building

Story 3

Entry Level Three Or More

Water Public

Level or Stories 3

Others

Tax ID C 01P 014B

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors
Listed by Virtual Properties Realty

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George Meyers
George Meyers

Agent | Team Principal

+1(912) 313-2424 | [email protected]

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