For Sale
$2,700,000
60 Ga-22 Milledgeville, GA 31061
High-yield, stabilized office investment. Excellent tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 25,183 SF Class B office building on a 2.32-acre lot in Milledgeville, GA.
- 100% occupied by River Edge Behavioral Health since 2009 under a modified gross lease with 3% annual rent increases.
- $2,700,000 asking price, representing a $107.22/SF price and a 6.81% cap rate based on a $184,000 NOI.
- Significant recent capital improvements including roof replacement (two-thirds within the last five years, one-third within the last eight years) and parking lot resurfacing in 2020.
- 125 parking spaces.
Property Details for 60 Ga-22
- Property type
- Office properties
- Square Feet
- 25,183 SF
- Class
- B
- Year Built/Renovated
- 1941/2013
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 101,059 SF
- Units
- 1
Location Insight
- City
- Milledgeville
- County
- Baldwin
- State
- Georgia
- Latitude
- 33.09268
- Longitude
- -83.2720669
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-yield, stabilized office investment. Excellent tenant.
- Where is the office property located?
- The property is located at 60 Ga-22 Milledgeville, GA.
- What is the asking price?
- The asking price for this property is $2,700,000.
- What are key features of this property?
- This property features: 25,183 SF Class B office building on a 2.32-acre lot in Milledgeville, GA.; 100% occupied by River Edge Behavioral Health since 2009 under a modified gross lease with 3% annual rent increases.; $2,700,000 asking price, representing a $107.22/SF price and a 6.81% cap rate based on a $184,000 NOI.
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