356 Walnut St - Industrial FOR SALE


Macon-Bibb, GA 31201- Downtown Macon
$1,100,000 USD
678-613-7327
356 Walnut St, Macon-Bibb, GA for Sale
$1,100,000 USD
Industrial - FOR SALE
1/4
null | 8.56% Cap Rate

356 Walnut St
Macon-Bibb, GA 31201
Downtown Macon


OVERVIEW

Property Highlights • ±17,926 SF Industrial warehouse/office available in the heart of downtown. • Net lease with 5+ years remaining with 2% annual rent increases and options. • Strong guarantor, The Parts House, US subsidiary to multinational parent company, Marubeni (Tokyo, Japan). • Longstanding operations of 30+ years at this location. • Limited landlord responsibilities: Roof and structure. Why Macon? • One of Georgia’s five largest MSA’s; Less than 90 minutes from Atlanta. • Strong local economy anchored by aerospace/defense, advanced manufacturing and healthcare. • City recently received over $1 BILLION in new private investments. • Property located in the middle of a $300M downtown transformation project. • Low cost of living and 4% unemployment rate! Pricing? • AVAILABLE FOR SALE at $1,100,000 / 8.5% Cap Rate • Also available as part of a 4 location GA Industrial Portfolio (OM Available Upon Request).

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

8.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Leased - 8.5% Cap Rate

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49

LAND SF

21,344

ZONING

CBD

APN/PARCEL ID

R073-0140

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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