For Sale
$23,739,832

2044 Forward Augusta DrAugusta, GA 30906

High-yield, fully leased distribution center.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A industrial property, located at 2044 Forward Augusta Drive in Augusta, Georgia (30906), presents a compelling investment opportunity. The single-story, 298,532 square foot distribution center sits on a 20.39-acre lot and boasts a 28-foot ceiling height. Built in 1994, the property is currently 100% occupied by three tenants under a Net Lease (NN+) structure, providing a stable income stream. The asking price is $23,739,832, representing a price per square foot of $79.52 and a projected cap rate of 5.86%. The property generates a Net Operating Income (NOI) of $1,390,474. Features include 26 loading docks, 26 dock-high doors, and ample parking for 200 vehicles. The property is zoned HI (Heavy Industrial) and offers a strong tenant mix with two of the three leases including a 2% escalation clause. This is a rare opportunity to acquire a high-quality, fully leased industrial asset in a desirable location with significant upside potential. The property's strong occupancy, favorable lease terms, and strategic location make it an attractive investment for discerning buyers seeking stable, long-term returns.

Property Details for 2044 Forward Augusta Dr

Property type
Industrial properties, Distribution centers
Square Feet
298,532 SF
Class
A
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
888,188 SF

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.3660189
Longitude
-82.0078969
2044 Forward Augusta Dr, Augusta, Georgia

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2044 Forward Augusta Dr
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