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
