506 N Patterson St - Medical FOR SALE
Valdosta, GA 31601 |
$1,685,000 USD
813-210-7741
506 N Patterson St
Valdosta, GA 31601
HIGHLIGHTS
- ? Recently Extended Lease Term ? Five-Year Extension Commences June 2026
- ? Strong Historical Occupancy ? Tenant has Occupied Location Since 2011
- ? Two Five-Year Options to Renew ? Option Periods are at Fair Market Value
- ? Located on Valdosta’s Primary City Thoroughfare ? Traffic Counts of 7,500+ VPD
- ? Limited Landlord Responsibilities ? Additional Rental Income Collected Through CAM Reimbursements
OVERVIEW
? Recently Extended Lease Term
? Five-Year Extension Commences June 2026
? Strong Historical Occupancy
? Tenant has Occupied Location Since 2011
? Two Five-Year Options to Renew
? Option Periods are at Fair Market Value
? Located on Valdosta’s Primary City Thoroughfare
? Traffic Counts of 7,500+ VPD
? Limited Landlord Responsibilities
? Additional Rental Income Collected Through CAM Reimbursements
FOR SALE DETAILS
PRICE
$1,685,000 USD
PRICE/SF
$272 USD /SF
CAP RATE
8.01%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
U.S. Renal Care
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
C-C
APN/PARCEL ID
0118C-108
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813-210-7741
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813-210-7741
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