Sold

Closed

1061 Cliff Dawson Road

Watkinsville GA, 30677

$4,825,000


$388.05 per sqft

Sold

Closed

12,434 sqft

Commercial

Built in 2006

Bought with Daniel Bennett with NAI Elrod Group and Listed by Daniel Bennett with NAI Elrod Group 706-340-6066

6.5+ years remaining on the current Lease. Year 1 NOI $346,860 and Cap Rate of 6.67%. Hard to find triple net investment property near Athens, GA. The Stadion building is a single tenant Class A office building conveniently located at 1061 Cliff Dawson Road in the heart of Oconee County. This building was custom built for the tenant in 2006 and was redecorated and updated in 2020. This desirable triple net investment offers a fantastic return with minimal landlord responsibilities. The current lease term runs through December 2028 and offers CPI indexed rent escalations to combat inflation. This tenant is very strong and has a proven track record. This 2-story office building is approximately 12,500SF and features numerous private offices, ample open area workspace with cubicles, a large training room, full kitchen, multiple conference rooms and so much more. There is also an additional building pad that can accommodate another 12,500 square foot office building. This is a fantastic easy to own investment with great long-term benefits. Stadion Money Management was founded in 1993 and is headquartered in Oconee County on the outskirts of Athens, Georgia. Stadion's highly talented team of 40 experts works with financial professionals, asset managers, and recordkeepers to build custom retirement plans and participant level investment solutions. They currently have $2.3 billion in assets under management and over 4,000 plans. Stadion recently joined "Smart", a global retirement technology provider that offers modular ways for financial institutions, including recordkeepers, advisors, and asset managers to build scalable, customized retirement solutions. 1061 Cliff Dawson Road is located just off Mars Hill Road, a main artery into Oconee County. Only 1 mile to shopping and dining at Butler's Crossing and under 3 miles to Downtown Watkinsville. Mars Hill and Cliff Dawson Roads are located just off of the Oconee Connector with easy access to Athens. Less than 20 minutes to Downtown Athens. Athens-Clarke and Oconee Counties are rapidly growing areas of North Georgia with a year over year rise in population. Oconee County has one of the top school systems in the state. Athens-Clarke County is the home of the University of Georgia.

987624

MLS ID

May 9, 2024

Updated

Map

1061 Cliff Dawson Road
Watkinsville GA, 30677

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

2.55 Acres


Sewer

Public Sewer

Other Property Details

Days on Market

14


Garage

No


Parking

Parking Available


Parking Total

99


View

No


County

Oconee Co.


Water Source

Public


Pool

No


Zoning

OIP

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gena Knox shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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