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235 Roosevelt Avenue - Albany Towers, Albany, GA

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DetailMap
235 Roosevelt Avenue - Albany Towers

Albany, GA 31701

(330.8 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1974
Stories:5 Typical Floor:11,794 SF Building Size:74,480 SF
Smallest Space:442 SF Largest Space:11,800 SF Total Space Avail:23,646 SF Rent/SF/Yr:
$13.50 - $15.00
Parking:235 Surface spaces are available; Ratio of 3.98/1,000 SF Amenities:Property Manager on Site


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,222 SF
$15.00/SF/Yr
Vacant
1 yr
Office
 1st
500 SF-3,001 SF
Negotiable
Vacant
1 yr
Office
 1st
1,077 SF
$13.50/SF/Yr
Vacant
1 yr
Office
 1st
695 SF
$13.50/SF/Yr
Vacant
1 yr
Office
 2nd
1,498 SF
$13.50/SF/Yr
Vacant
1 yr
Office
 3rd
442 SF
$13.50/SF/Yr
Vacant
1 yr
Office
 4th
3,911 SF
$13.50/SF/Yr
Vacant
1 yr
Office
 5th
11,800 SF
Negotiable
Vacant
Negotiable
Office
 
11053234
11053310
11053269
11053280
11053266
11053289
11053258
11523935
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,222 SF
$15.00/SF/Yr
Vacant
1 yr
Office
1st
500 SF-3,001 SF
Negotiable
Vacant
1 yr
Office
1st
1,077 SF
$13.50/SF/Yr
Vacant
1 yr
Office
1st
695 SF
$13.50/SF/Yr
Vacant
1 yr
Office
2nd
1,498 SF
$13.50/SF/Yr
Vacant
1 yr
Office
3rd
442 SF
$13.50/SF/Yr
Vacant
1 yr
Office
4th
3,911 SF
$13.50/SF/Yr
Vacant
1 yr
Office
5th
11,800 SF
Negotiable
Vacant
Negotiable
Office
Track I Improvements

Overview: The Albany Tower building is a five-story office building originally
constructed in the early 1970s.

Total Area: 74,139 gross rentable square feet (about 152’ x 98’)
59,108± rentable square feet

Building Profile: A five-story concrete and steel structured multi-tenant rectangular office building with a central core and large glass exterior with
concrete casings.

Exterior Finish: Pre-cast concrete and bronzed plate glass with 1.5’ x 1.5’
concrete columns. The windows are ¼” bronzed glass fixed in bronzed aluminum frame varying in size from 62” to 70” wide and being approximately 9.7” in height. There are 18 windows on each floor at the east and west sides of the building and 25 windows on each floor along the north and south sides.

Interior Finish: Typically drywall with painted or vinyl covering. Ceilings are
primarily smooth, painted sheetrock in the lobby areas and suspended 2’x4’ acoustical tile with recessed lighting. Floor finishes are tile in the elevator lobbies, carpet in the corridors, while the tenant areas are generally carpeted; restrooms are ceramic tile. Most of the common area carpets were replaced in 2002, according to the on-site manager. The tile in the elevator lobbies was replaced in about 1998. Common area walls are generally covered with vinyl wallpaper. Minor renovations of individual tenant spaces are on-going as tenant rollovers occur; in
2002-2003, the 5th floor was reportedly entirely gutted (except for restrooms) and renovated for the Social Security offices.

Entrance: The main floor entrance/exit is on the south side of the building
with a similar entrance/exit on the north side. In addition, most of the 1st floor tenant spaces have their own storefront door entrance/exit.

Lobby: The lobby includes a tile floor, smooth sheetrock and suspended
acoustical tile ceiling, both fluorescent and indirect incandescent lighting, and painted and/or wallpapered wood paneled walls. The lobby includes an electrical room, a now-vacated snack bar, and two mechanical rooms as well as a vending area. There are also two 2-fixture restrooms and a building storage room.

Vertical Transportation: Access to the upper levels is provided by two central elevators which serve all five floors with an approximate 2,000 pound load
capacity each. There are also two stairwells located on the east and west sides, along the northern side of the building.

Roofs: Built-up tar and gravel. The roof was reportedly replaced in about
1992.

Lighting: Typically recessed, incandescent and/or 2’x4’ fluorescent fixtures.

Mechanical: HVAC - Thirteen +/- 7.5- to 30-ton Fedder units, six of which are
located on the roof and seven located on the ground (north side of the building). There are two units per floor, one for the north side of the building and one for the south side. Most of the HVAC equipment was replaced in 1993+/-. There are two air handlers on each floor (one for the north side of each floor and one for the south side) and all are original equipment except one on the 1st floor that has reportedly been replaced.

Electrical - Serviced by a 2500-amp, three-phase 4-wire electrical panel (manufactured by Federal Pacific) located on the ground floor.

Telephone – Each floor has phone and electrical closets. The building is served by DSL high speed Internet service.

Fire Protection: The building is not sprinklered. There are smoke detectors in the
building.

Restrooms: Restrooms (men’s and women’s, each with 3 to 4 fixtures, plus
wash basins) are on each floor. A handicapped accessible unisex restroom has also been added on floors 3, 4 and 5. The second floor does not have a handicapped accessible restroom. The first floor restrooms have been converted to allow for handicapped accessibility.

Parking: On-site surface parking is available for 234 ± automobiles including the Tract II parking lot site. There is also parking available along Roosevelt Avenue. The on-site parking ratio of about 4.0 spaces per 1,000 SF is a competitive advantage as it is at or exceeding that of most downtown Albany office buildings.
Further, the parking at Albany Tower is free to tenants and visitors, a further competitive advantage to Albany Tower.

Loading: There is a loading dock/delivery area on the building’s north side.

Utilities: All utilities are provided to the site; most provided by the City of
Albany.

Landscaping: Average quality landscaping with grass and shrubs along the
north and south sides of the building.

Other: The windows along the perimeter of the building on all sides are in need of re-caulking and re-sealing with window leaks an occasional issue in some tenant spaces. Estimates for the recaulking and re-sealing have ranged from $30,000 to $70,000.

Tract II Improvements

Improvements: This site is simply improved with a paved/striped parking lot with
the perimeter secured by a 5’ +/- chain link fence. The parking provided on the Tract II lot is included in the aforementioned 234 ± spaces above.



Piper Realty, LLC
Scott Piper
(229) 343-3554



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