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110 Samaritan Dr
Cumming, GA 30040

$596,000 USD

Medical Condo For Sale  •  2,400 SF

Property Details

  • Property Type Medical
  • Total Building Size 26,400 SF
  • Lot Size 1.82 AC
  • Building Class B
  • Year Built 2008
  • Tenancy Multiple
  • Zoning O1/GC
0 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101-102 Medical Office 2,400 SF $596,000 USD
  • Unit Size: 2,400 SF
  • Condo Use: Medical Office
  • Price: $596,000 USD
  • Sale Type: Investment
  • Price/SF: $248.33 USD
Description
There are a total of 4 suites #101-2 and #103-4 Combined into 2 for National Tenants

**Long-term Tenants**: The property is currently leased to a national chain tenant, Geode Health, with 3 plus years remaining on their lease. Extensions are available, providing stability and potential for long term revenue.

**Financials**: The condo offers a competitive **7% CAP rate** making it an attractive investment. Additionally, it benefits from low HOA/CAM fees, enhancing its profitability. This space houses a national chain medical facility. The practice is in a thriving community. Its combination of location, tenant stability, and tailored features make it a compelling choice for investors.

Sale Notes
This well-maintained space presents a unique investment opportunity in an excellent location, close to Canton Road. With a national chain tenant already in place, this property ensures a steady income stream, making it a sound investment choice.

Description 

There are a total of 4 suites that have been combined into 2 spaces, #101-2 and #103-4. Both have national chain tenants in place. The property is a commercial office condominium located in downtown Cumming, GA at 110 Samaritan Drive. The building was constructed in 2008 and has two stories totaling approximately 26,400 square feet. The parcel numbers are C08-000-124 and C08-000-130. Zoning for this property is OI/GC, and it is situated near major local roadways, including Kelly Mill Road and Canton Road, providing access to the surrounding Cumming business district. The property includes approximately 80 surface parking spaces. #103-4 which is Koch Foods, C08-000-130 is under contract. #101-2 is still available.

Highlights

Leased to a national medical chain tenant, Geode Health, with multiple extension options.
Projected 7% cap rate supported by long-term lease and steady rental escalations.
Recently updated with a new roof and security system for reduced maintenance costs.
Includes an additional 200 square feet shared by attorneys, adding flexibility and revenue potential.
Approximately 80 surface parking spaces available within the complex for tenant and visitor convenience.
Located near Canton Road with connectivity to surrounding retail, business, and residential areas.

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Tonia Luster 803-882-8446 T Vaughn Luxe International
Tonia Luster 803-882-8446 T Vaughn Luxe International