For Sale
$2,500,000

1005 Broad StAugusta, GA 30901

Prime Augusta Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office building at 1005 Broad Street in Augusta, Georgia, presents a compelling value-add investment opportunity. The 15,127 square foot, three-story building boasts a 73% occupancy rate with a diverse tenant mix including SRP Federal Credit Union and Benesch. Built in 1912 and renovated in 2007, the property features 15 on-site parking spaces, a significant advantage in the downtown Augusta area. Currently, there is approximately 1,000 square feet of available space on the first floor and an additional 3,000 square feet of raw space on the third floor, offering substantial potential for lease-up and rental income growth. The property benefits from a Modified lease type with 3% annual rent bumps, providing consistent income and future appreciation. Located in the heart of Augusta, the building enjoys proximity to abundant shopping and dining options. The property's multi-tenant structure, including Cloudstorm Technologies and Insight Logistics, provides diversification and stability. This is an ideal opportunity for investors seeking strong returns and end-users desiring a prime location in a thriving downtown Augusta setting. The APN is 0373073000. The asking price is $2,500,000.

Highlights

  • $2,500,000 asking price for a value-add investment opportunity.
  • 15,127 square foot, Class A office building in Augusta, GA.
  • Multi-tenant property with 73% occupancy, including SRP Federal Credit Union and Benesch.
  • Three-story building (1912, renovated 2007) with 15 parking spaces.
  • Modified lease terms with 3% annual rent bumps.

Property Details for 1005 Broad St

Property type
Office properties, Medical offices
Square Feet
15,127 SF
Class
A
Year Built/Renovated
1912/2007
Buildings
1
Stories
3

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4772568
Longitude
-81.9697023
1005 Broad St, Augusta, Georgia

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1005 Broad St
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