The St Micheal's Center is on the market for the first time in 50 years. The subject property, located at 1924 Clairmont Road, Decatur, GA, is an office building zoned (O/I) located in the Decatur submarket. The subject property is a multi-tenant office building consisting of 21 fully leased executive office spaces. The building totals 7,558 square-feet and contains two stories with a terrace level. Market Lease value based on September 2024 Appraisal is $151,160 annually. The property is currently 100% occupied at $111,180 annual income with many long terms tenants. All existing leases are set to expire in 2025. This allows buyer to fully occupy the space if desired. Many tenants will want to renew if purchased as an investment. Property is priced just below appraised value as of Sept 2024.
