For Sale
$3,200,000

1219 Wheeler PkwyAugusta, GA 30909

Class A Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Augusta, Georgia medical office portfolio offers 12,649 square feet across three buildings, situated on a 2.22-acre lot. The property boasts a pristine exterior and high-quality interior finishes. Currently 100% occupied by three tenants, including AU Health, Kindred at Home, and Laboratory Corporation of America Holdings, this portfolio provides a stable income stream with a 5.24% cap rate and a Net Operating Income (NOI) of $167,593. The portfolio includes four units in total, with three existing buildings and one vacant 2.22-acre build-to-suit lot, allowing for future expansion. The buildings are two stories, featuring a total of 26 parking spaces. The property is zoned B-2 and strategically located on West Wheeler Parkway, near Doctors Hospital and Augusta University Health's West Wheeler Complex, offering easy access to major interstates I-20 and I-520. This presents a rare opportunity to acquire a high-quality, low-maintenance medical office portfolio in a prime Augusta location. The property's strong tenant base, including national corporations, ensures long-term stability and potential for growth. The asking price is $3,200,000, with a price per square foot of $252.98. The lease type is modified, and tenant credit is secured by a corporate guarantee. The property's location provides convenient access to the broader Augusta market and surrounding areas. The APN numbers are 030-0-238-00-0, 030-1-013-00-0, 030-1-014-00-0, and 030-1-015-00-0.

Highlights

  • ±12,649 SF of medical office space in three buildings on a 2.22-acre lot.
  • 100% occupied with strong national tenants (AU Health, Kindred at Home, LabCorp) plus a vacant build-to-suit lot.
  • High-quality construction and pristine condition throughout.
  • Excellent location in Augusta, GA, near major medical facilities and interstates.

Property Details for 1219 Wheeler Pkwy

Property type
Office properties, Medical offices
Square Feet
12,649 SF
Class
A
Buildings
3
Stories
2
Lot Size (sq. ft)
96,703 SF
Units
4

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4808875
Longitude
-82.0981149
1219 Wheeler Pkwy, Augusta, Georgia

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1219 Wheeler Pkwy
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