101 S Davis St - Freestanding FOR SALE


Albany, GA 31701
$310,000 USD
229-405-2483
101 S Davis St, Albany, GA for Sale
$310,000 USD
Freestanding - FOR SALE
1/6
null | 7.06% Cap Rate

101 S Davis St
Albany, GA 31701


HIGHLIGHTS

  • Credit Tenant
  • Over 5 years remaining on lease term
  • Updated office

OVERVIEW

This is a 6,000 sf office/warehouse building leased to DXP Enterprises, Inc. which is a publicly traded industrial supply company with over $1 billion in revenues and over 3,200 employees. The lease has over 5 years remaining and the pro-forma NOI is $21,888 reflecting a 7% cap rate. The interior office space has been renovated and the building is in good condition. The offering includes the adjoining land parcel located at 706 W. Broad Avenue. Excellent opportunity for a 1031-exchange.

FOR SALE DETAILS

PRICE

$310,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Fastenal Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C3

APN/PARCEL ID

000DD-00002-020

ASK ABOUT THIS PROPERTY

Mike EverettSouthCore Real EstateMore Info
229-405-2483

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Mike EverettSouthCore Real EstateMore Info
229-405-2483

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