60 Highway 22 W - Manufacturing FOR SALE


Milledgeville, GA 31061
$2,700,000 USD
478-951-5100
60 Highway 22 W, Milledgeville, GA for Sale
$2,700,000 USD
Manufacturing - FOR SALE
1/8
null | Request Cap Rate

60 Highway 22 W
Milledgeville, GA 31061


HIGHLIGHTS

  • Great investment/income producing opportunity
  • 7.2% CAP Rate
  • Long-standing tenant
  • Excellent location

OVERVIEW

Great investment/income-producing opportunity! 7.2% CAP Rate. This ±27,00 SF building on 2.32 acres is currently leased to River Edge Behavioral Center, serving more than 10,000 Georgians annually. Tenant spent $1,000,000 when initially leased in 2013 and spent $100,000 in upgrades in 2020. January rent is currently at $19,420.32 per month, with a 3% increase in rent annually. Call Agent for financial information Property is conveniently located off Highway 441 and is approximately 3 miles from downtown Milledgeville. Neighboring businesses include Baldwin County Recreation Department, Heart of Georgia Animal Care, Oconee Concrete, Central Georgia Technical College, Lakeview Academy, Baldwin County of Education, and more.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$5 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

UTILITIES

Water - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.32

LAND SF

101,059

ZONING

C-3

APN/PARCEL ID

068-001D

ASK ABOUT THIS PROPERTY

Patty BurnsFickling & CompanyMore Info
478-951-5100

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

Patty BurnsFickling & CompanyMore Info
478-951-5100

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