Bought with Bruce Ailion • RE/MAX Town & Country
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10892 Crabapple RD Roswell, GA 30075
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Key Details
Sold Price $1,648,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10215507
Sold Date 10/25/24
Construction Status Resale
Year Built 1990
Annual Tax Amount $18,611
Tax Year 2022
Lot Size 0.927 Acres
Property Description
Invest in the premier Roswell office park of Crabapple West. In the Ten-X auction ending Sept 23, we will consider pre-auction offers. 10892 Crabapple Road is a renovated 100% leased office building in the Crabapple West Office Development. Start your office investment with the security of this 100% leased building in an unbeatable quality and prime location. 10892 Crabapple Road is the predominant building in this seven-building office park. Enjoy maximum efficiency with an elevator-served property with a total of 17,250 square feet across three floors. The property in question has undergone significant upgrades in recent years. These include replacing the windows, renovating all floors to tenants' specifications, and remodeling the lobby. Over half of the HVAC systems have been replaced, and other regulatory upgrades have been made. Each of the tenants now in the building has occupied their space for 15 years, and this asset presents stable income for years to come and offers an owner the upside of rent escalations. Future rent escalations provide immense value-add upside. Enjoy the convenience of being just 2 miles from downtown Roswell. The surrounding area is full of 40+ restaurants, high-end boutiques, stores, and tree-covered sidewalks that provide a picturesque walking experience. Located just south of Highway 92/Woodstock Road and Georgia 400, tenants at 10892 Crabapple Road enjoy proximity to the Perimeter Center and Avalon. To the west, the property is approximately 11 miles from downtown Woodstock and Interstate 575.
Location
State GA
County Fulton
Zoning OI
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot
Utilities Available Cable Available, Electricity Available, High Speed Internet, Phone Available
Building
Sewer Public Sewer
Construction Status Resale
Others
Financing Cash
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