Sold
1061 Cliff Dawson Road
Watkinsville GA, 30677
$4,825,000
$388.05 per sqft
Sold
12,434 sqft
Commercial
Built in 2006
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 GCSmartGC, 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.
10036406
MLSⓇ ID
April 6, 2022
Listed
September 28, 2023
Updated
Map
1061 Cliff Dawson Road
Watkinsville GA, 30677
Interior Features
Floor Description
Carpet, Hardwood, Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.55 acres
Lot Features
City Lot
Architectual Style
Office
Roof
Other
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Parking Lot
View
No
County
Oconee
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/20/2023 | Sold | — |
Courtesy of NAI Elrod Group, Daniel Bennett,
Listing Contact:
Based on information from Georgia MLS as of 9/28/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 9:04 PM UTC, 9/28/2023