For Sale
$1,175,000

414-416 5Th AveAlbany, GA 31701

High-return medical office, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 8,916 sq ft executive office building in Albany, GA, presents a compelling sale-leaseback opportunity. Located at 414-416 Fifth Ave, this single-tenant property boasts a 100% occupancy rate with a long-term OB-GYN practice currently leasing the space. The building, constructed in 1983 and expanded in 2019, sits on a 1.29-acre lot (APN: 0000F/00020/016 & 017) and offers unparalleled convenience due to its proximity to Phoebe Putney Memorial Hospital and its recent multi-million dollar expansion. The leaseback option provides a guaranteed income stream of $8,000 per month (NNN) for up to three years, yielding an attractive cap rate of 8%. The asking price is $1,175,000, translating to $131.79 per square foot. This investment presents a rare opportunity to acquire a high-performing asset in a prime medical location with significant growth potential. The property features one story and is situated in Dougherty County, GA, zip code 31701. This is a turnkey investment ideal for discerning buyers seeking strong returns and long-term stability.

Highlights

  • $1,175,000 asking price for this Class A, 8,916 square foot executive/professional office building.
  • Located at 414-416 Fifth Ave, Albany, GA 31701, on a 1.29-acre lot (APN: 0000F/00020/016 & 017).
  • 100% occupied, single-tenant building with a current leaseback opportunity of up to three years at $8,000/month (NNN).
  • 8% cap rate and $131.79/SF price.
  • Built in 1983, one-story building, recently updated and expanded in 2019.

Property Details for 414-416 5Th Ave

Property type
Office properties
Square Feet
8,916 SF
Class
A
Year Built
1983
Stories
1
Lot Size (sq. ft)
56,192 SF
Units
1

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.5926244
Longitude
-84.1579837
414-416 5Th Ave, Albany, Georgia

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414-416 5Th Ave
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