244 Mercer Jct - Distribution FOR SALE


Macon-Bibb, GA 31210
$4,510,009 USD
773-963-2637
244 Mercer Jct, Macon-Bibb, GA for Sale
$4,510,009 USD
Distribution - FOR SALE
1/8
null | 7.5% Cap Rate

244 Mercer Jct
Macon-Bibb, GA 31210


HIGHLIGHTS

  • 100% Occupied - Absolute NNN Lease with 5% Annual Increases
  • Massive 11.35-Acre Site with ample Expansion Ability
  • Leading Global Plastics & Packaging Tenant – IPL is posed for Growth
  • Strategic Central Georgia Logistics Location (Mercer Junction) – Close Proximity to I-475 and I-75
  • Mission-Critical Distribution Use with Strong Site Functionality - 29 Loading Docks

OVERVIEW

Northmarq is pleased to present IPL Plastics, a 66,500± SF industrial asset located at 244 Mercer Junction in Macon, GA. The property is offered at $4,510,009, representing a 7.50% cap rate on current NOI of $338,251. The asset is subject to an Absolute NNN lease with zero landlord responsibilities and 5% annual rent increases. Listed at Sub-$70/SF, less than half replacement cost.

FOR SALE DETAILS

PRICE

$4,510,009 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Manufacturing, Truck Terminal, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

29

DRIVE INS

9

PARKING SPACES

244

LAND DETAILS

LAND ACRES

11.35

LAND SF

494,406

ZONING

PDE

APN/PARCEL ID

K007-0125

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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