Village Overlook

7444-7454 Hannover Pkwy, Stockbridge, GA 30281

Property Overview

Village Overlook I & II includes two two-story medical office buildings totaling 34,830 rentable square feet located in Stockbridge, Ga. The buildings were constructed in 1993 of brick veneer and are currently occupied by five medical office tenants. The property was acquired as a Real Estate Owned (REO) asset from a large institutional lender. The acquisition provides the opportunity for lease-up of the property at an attractive basis.

Investment at a Glance

Location: Stockbridge, GA

Property Type: Class A Office

Acquisition Date: August 2, 2010

Original Loan Balance: $4,280,000

Unpaid Loan Balance: $3,800,000

Purchase Price: $1,800,000

Sale Date: August 29,2014

Sale Price: $1,485,000

No. of Buildings: 2

No. of Stories: 2

Square Footage: 34,830 SF

Leased Percentage (at the time of Acquisition): 51.0

$1,800,000 Total Purchase Price
34,830 square feet Total Rentable Area
Class A Building Class