Skip to main content

Office Medical

Value-Add Medical Office Condo | Atlanta MSA | 2022 Build

6238 Turner Lake Rd, Covington, GA 30014

Listing Price: $1,211,250

Gross SF
3,230
Rentable SF
3,230
Price/Gross SF
$375.00
Occupancy
1.0%
Year Built
2022
Lot Size
0.62 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the new-build medical office condo located at 6238 Turner Lake Rd in Covington, GA. Formerly occupied by Atlanta Plus Urgent Care, the single-tenant condo totals 3,230 square-feet and rests on approximately 0.62 acres. Built in 2022, the unit features high-quality construction with a full medical office build-out, presenting value-add opportunity through filling vacancy or as an ideal space for an owner user. The adjacent condo, unit 6232, is currently occupied by Georgia Bone & Joint, with other neighboring tenants in the Covington Crossings Shopping Center including Food Depot, Dollar General, East Metro Animal Clinic, & Taco Bell, among others. Positioned in the high-growth Covington submarket, the medical office condo features excellent visibility and access via Hwy-278, Tuner Lake Rd, & Interstate-20 (107,600+ combined VPD). Additionally, the property is located less than 1.9 miles from the Piedmont Newtown Hospital (103-beds) & is directly adjacent to the brand-new senior community, Covington Crossing (195+ units).

The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. Over the next five years, the region is expected to add approximately 298,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta, while Truist Park has prompted new development northwest of downtown Atlanta. In 2023, the metro will remain a top market nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities. This will entice residents back into the city and provide options for people moving to the metro.

Investment Highlights

  • Value-Add Medical Office Condo | New 2022 Build with High-Quality Construction
  • Turn-Key Vacant Suite | Currently Built-Out as an Urgent Care | 29 Parking Spaces + 2 Handicap Spaces | Adjacent Condo Unit Occupied by Georgia Bone & Joint
  • Excellent Visibility & Access | Located Just Off I-20 at the Intersection of Hwy 278 & Turner Lake Rd (107,600+ Combined VPD) | Less than 34 Miles from Downtown Atlanta
  • Located in Dense Retail Corridor | Out-Parcel to the Food Depot Anchored Shopping Center | Directly Adjacent to Brand-New Senior Community, Covington Crossing (195+ Units)
  • 1.9 Miles from Piedmont Newton Hospital (103-Beds) | Less than 1.8 Miles South of Oxford College of Emory University (1,065+ Students)

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Office Medical

Value-Add Medical Office Condo | Atlanta MSA | 2022 Build

Listing Price: $1,211,250

Gross SF
3,230
Rentable SF
3,230
Price/Gross SF
$375.00
Occupancy
1.0%
Year Built
2022
Lot Size
0.62 acres

Investment Highlights

  • Value-Add Medical Office Condo | New 2022 Build with High-Quality Construction
  • Turn-Key Vacant Suite | Currently Built-Out as an Urgent Care | 29 Parking Spaces + 2 Handicap Spaces | Adjacent Condo Unit Occupied by Georgia Bone & Joint
  • Excellent Visibility & Access | Located Just Off I-20 at the Intersection of Hwy 278 & Turner Lake Rd (107,600+ Combined VPD) | Less than 34 Miles from Downtown Atlanta
  • Located in Dense Retail Corridor | Out-Parcel to the Food Depot Anchored Shopping Center | Directly Adjacent to Brand-New Senior Community, Covington Crossing (195+ Units)
  • 1.9 Miles from Piedmont Newton Hospital (103-Beds) | Less than 1.8 Miles South of Oxford College of Emory University (1,065+ Students)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the new-build medical office condo located at 6238 Turner Lake Rd in Covington, GA. Formerly occupied by Atlanta Plus Urgent Care, the single-tenant condo totals 3,230 square-feet and rests on approximately 0.62 acres. Built in 2022, the unit features high-quality construction with a full medical office build-out, presenting value-add opportunity through filling vacancy or as an ideal space for an owner user. The adjacent condo, unit 6232, is currently occupied by Georgia Bone & Joint, with other neighboring tenants in the Covington Crossings Shopping Center including Food Depot, Dollar General, East Metro Animal Clinic, & Taco Bell, among others. Positioned in the high-growth Covington submarket, the medical office condo features excellent visibility and access via Hwy-278, Tuner Lake Rd, & Interstate-20 (107,600+ combined VPD). Additionally, the property is located less than 1.9 miles from the Piedmont Newtown Hospital (103-beds) & is directly adjacent to the brand-new senior community, Covington Crossing (195+ units). The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. Over the next five years, the region is expected to add approximately 298,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta, while Truist Park has prompted new development northwest of downtown Atlanta. In 2023, the metro will remain a top market nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities. This will entice residents back into the city and provide options for people moving to the metro.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

MM Texture Background
MM Textured Background Lower