413 Flint Ave - Office FOR SALE


Albany, GA 31701
$399,000 USD
229-405-2483
413 Flint Ave, Albany, GA for Sale
$399,000 USD
Office - FOR SALE
1/13
null | 8% Cap Rate

413 Flint Ave
Albany, GA 31701


HIGHLIGHTS

  • New 5 year lease to a national tenant, Normal Life of Georgia
  • (2) 3-year extension options; 2% annual rent escalations
  • 8% rate of return

OVERVIEW

Attention commercial investors! This an income-producing professional office building with a new 5-year lease to a national tenant. New interior paint and flooring. Parking lot recently resealed. Lease rate is $3,500/month with 2% annual escalations. Year 1 Pro-forma income of $31,904 per year reflecting a cap rate of 8.0%.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

C2

APN/PARCEL ID

000AA-00001-011

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 Policy.