3,306 Square Foot Office Space For Sale @ 200 Oakside Lane

200 Oakside Lane represents a 100% leased NN medical office investment opportunity. The 3,306 square foot building is leased through December 2015 to American Health Imaging of Georgia, LLC, providing outpatient MRI imaging services. The property has been leased for MRI imaging since construction in 2004. The imaging equipment required for an MRI facility make the cost associated with either relocation or new construction expensive. The lease has 2 three year renewal options with annual escalations. The landlord is responsible for roof and structure. The asphalt shingle roof is original with a 20 year warranty.

American Health Imaging (AHI), headquartered in Georgia since 1998, has 15 locations in Alabama, Florida, Georgia and Texas. AHI provides outpatient MRI imaging services reviewed by Board Certified Radiologists with imaging results within 24 hours (www.ahicenters.com).

Sales Info:
■ Cap rate: 10.4%
■ Commision split: 6.0%
■ NOI: $57,326

Location Description:
The Oakside Office Park is primarily occupied by medical practices and is within two blocks of the 84 bed Northside Hospital-Cherokee. Canton is the seat of Cherokee County, located 40 miles north of Atlanta.

Highlights:
■ 100% NN leased medical office investment
■ MRI outpatient imaging
■ Leased through 2015
■ Two - 3 year options
■ $52,337 Avg. HH income/20,324 Pop. 3 mile