11 current tenants, and 13 total tenant spaces ranging from 644SF to over 8,000SF with current occupancy rate of 89%. These private office suites have been fully renovated and are suitable for both small and growing businesses with some sharing access to common areas, including bathrooms and some with fitted with fully private bathrooms. The two suites remaining for lease include 1700+SF "lunchroom" - an open area space that is perfect blank space for incoming business, and a 990SF space fit for commercial kitchen, or could easily be fitted for offices with private bathroom. This building has unique feel being the renovated former Ball Ground Elementary School.
Annualized Proforma NOI, based on 100% occupancy is over $350,000 with all leases in place having annual escalations of at least 3%. Common Area Maintenance Fees are paid by all tenants and cover expenses such as utilities, landscaping, trash services, security and janitorial expenses.
Location Description
The Elm Co-Working space is located in the renovated historic Ball Ground Elementary School building. This building is deeply ingrained in the community, just steps away from the Downtown Ball Ground corridor of Gilmer Ferry Rd. This site boasts easy connection to Interstate 575 (1.6 Miles), connecting to both Hwy 515 to Jasper and Interstate 75 to Atlanta, GA.
