For Sale
$975,000

168 Mitchell StJackson, GA 30233

7.85% Cap Rate, Owner-User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This 7,650-square-foot industrial building in Jackson, GA, presents a compelling investment opportunity with a 7.85% cap rate. Located at 168 Mitchell St, 30233, this Class B property offers a blend of distribution, flex, and warehouse space, ideal for owner-occupancy or investment. Built in 2000, the building features 18-foot ceilings, two dock-high doors, and a layout including office space with a showroom, conference room, and bathroom. The warehouse area provides ample open space. The property currently boasts 100% occupancy with a net operating income (NOI) of $76,500 annually, based on a triple-net (NNN) lease. The asking price is $975,000, translating to $127.45 per square foot. The property is vacant as of December 1st, 2024. An additional 3.75 acres of land is available for purchase, offering expansion potential. This below-replacement-cost offering is perfect for an owner-user seeking a strategic location in Butts County, conveniently situated near downtown Jackson. The property is currently listed as an investment opportunity with an owner/user option.

Highlights

  • $975,000 asking price for a 7,650 SF industrial building in Jackson, GA.
  • 7.85% cap rate with a $76,500 annual NOI.
  • Owner-user or investment opportunity; currently vacant.
  • Class B building, 2000 construction, featuring 18' ceilings and 2 dock-high doors.
  • Priced at $127.45/SF; below replacement cost.
  • NNN lease; additional acreage available for purchase.

Property Details for 168 Mitchell St

Property type
Warehouses, Industrial properties
Square Feet
7,650 SF
Class
B
Year Built
2000

Location Insight

City
Jackson
County
Butts
State
Georgia
Latitude
33.303370082736
Longitude
-83.954915584338
168 Mitchell St, Jackson, Georgia

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168 Mitchell St
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