1001 25th Ave - Office FOR SALE


Phenix City, AL 36869
$550,000 USD
706-888-6651
1001 25th Ave, Phenix City, AL for Sale
$550,000 USD
Office - FOR SALE
1/25
null | 6.63% Cap Rate

1001 25th Ave
Phenix City, AL 36869


HIGHLIGHTS

  • Tenant is the United States of America (USDA/FSA) — full faith and credit of the federal government
  • Current lease term through May 31, 2029; this is Lease Amendment No. 6, evidencing long tenant history at this location
  • $60,000 annual base rent ($20.00/SF); full service gross structure — tenant pays flat rent only, landlord covers all operating expenses
  • 3,240 SF building (3,000 SF rentable) on a 1.41-acre, two-parcel site
  • Located minutes from downtown Phenix City and the Columbus, GA metro, directly across the Chattahoochee River

OVERVIEW

Coldwell Banker Commercial – Kennon & Parker is pleased to present 1001 25th Avenue in Phenix City, Alabama — a single-tenant office investment fully leased to the United States of America (USDA Farm Service Agency), serving as the Phenix City Service Center for Russell County agricultural producers. Built in 1989, the 3,240 SF building (3,000 SF rentable) sits on a 1.41-acre, two-parcel site. The current lease term runs through May 31, 2029 at $60,000 per year ($20.00/SF), structured as a full service gross lease with the landlord responsible for maintenance, utilities, janitorial, pest control, taxes, and insurance. Currently under Lease Amendment No. 6, reflecting a long history of continuous federal occupancy at this location. Located minutes from downtown Phenix City and directly across the Chattahoochee River from Columbus, Georgia.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Snead Properties

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

05-05-16-04-003-001.010

ASK ABOUT THIS PROPERTY

Ernie Smallman, CCIMColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-888-6651

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Ernie Smallman, CCIMColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-888-6651

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