A great opportunity to acquire a core Medical Office asset in a top growing MSA in the US
Lakeside Professional Center
MEDICAL 42 | GEORGIA, USA
Why we really liked this 23,555 SF building, situated in Duluth on the North-eastern growth corridor of Atlanta, is that it is 100% leased by medical tenants, especially dentists.
Particularly attractive is the fact that all leases are “Triple Nett” which means that all expenses are passed through to the tenants. This means that dividend income is significantly more predictable in the current environment of uncertainty. The Net Rental income comfortably supports a 7% COC and 11% IRR.
The existing stable income stream secures the CORE nature of this property and underpins our first principle of capital preservation, while the synergistic relationships between the tenants and the excellent location make this an exciting investment opportunity.
