1 Old Mills Way - Industrial FOR SALE


Columbus, GA 31907- East Columbus
$2,600,000 USD
404-782-4197
1 Old Mills Way, Columbus, GA for Sale
$2,600,000 USD
Industrial - FOR SALE
1/29
null | 8.97% Cap Rate

1 Old Mills Way
Columbus, GA 31907
East Columbus


HIGHLIGHTS

  • Prime Location
  • Investment Opportunity

OVERVIEW

Prime NNN sale-leaseback investment opportunity in the Corporate Ridge Business Park area of Columbus, Georgia. The property is a 15.5 acre site featuring a 34,500 square foot building with 3 dock doors and 1 ramp. Clear height is 10' for offices and 12' loading dock. 152 parking spaces with plenty of room for expansion. Pad ready space is available. Muscogee Mills will lease back the building for an initial term of 15 years with price escalations throughout the term. Cap rate is 8.97%. Since 1968, Muscogee Mills (formerly known as Muscogee Textiles, Inc.) has been a leading manufacturer of textile products. Through their domestic cut and sew facility located in Columbus, GA, they manufacture a diverse inventory of products, including beach towels, golf towels, bath towels, robes, bath wraps, custom-made chaise lounge covers, and more. The company is looking to expand their production and employee base.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

8.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Muscogee Mills- Sale Leaseback

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

15.5

LAND SF

675,180

ZONING

LMI

APN/PARCEL ID

112 004 006,112-004-006

ASK ABOUT THIS PROPERTY

Alissa NealJefcoat Real Estate Services, LLCMore Info
404-782-4197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alissa NealJefcoat Real Estate Services, LLCMore Info
404-782-4197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.