The Columbia Professional Center FOR SALE


Milledgeville, GA
$14,000,000 USD
678-808-2804
, Milledgeville, GA for Sale
$14,000,000 USD
FOR SALE
1/15
null | 8.15% Cap Rate

The Columbia Professional Center
Milledgeville, GA


HIGHLIGHTS

  • Critical Asset Serving a Growing Central Georgia Economy | WALT of 6 Years
  • Strong, Diversified Tenant Profile | Over 60% of Rental Income Generated f rom Medical & Government Tenancy
  • Anchored by Two Large Industrial Tenants | SpillTech, Inc . (New Pig Corp. Subsidiary) & Baker Distribution (Watsco, Inc. Subsidiary)
  • New 10-Year Lease with Northside Hospital | Tenant Invested $3 Million+ into Space
  • Long-Term Georgia State Agency Tenants (S&P: AAA) | Under LOI to Nearly Double Space
  • Value-Add Opportunity by Raising Rents to Market & Converting Leases to NNN | Excess Land Ideal for Industrial Outdoor Storage or Future Development

OVERVIEW

The Columbia Professional Center (CPC) is a key flex asset in Central Georgia, locally known as the Middle Georgia region, supporting the growing local economy with a diverse mix of medical, government, and industrial tenants. With 89% occupancy, CPC generates strong in-place income while offering significant upside potential. MEDICAL 11.00% OF OCCUPIED GLA • 27.91% OF TENANT REVENUE -The CPC is home to a vital medical ecosystem, supporting Central Georgia’s growing economy with diverse medical tenants, including optometry, audiology, oncology, and rehabilitation. -Northside Hospital, one of Georgia’s largest healthcare providers, recently signed a new 10-year lease and established a $3 Million+ oncology center at the CPC. -Opportunity to expand medical tenancies through a strategic, targeted lease-up approach. GOVERNMENT 12.98% OF OCCUPIED GLA • 32.28% OF TENANT REVENUE -Several of Georgia’s State Agencies (S&P: AAA) have a long-term presence operating at The Columbia Professional Center, providing critical services such as family and child support, rehabilitation, and vocational assistance to Central Georgia residents. -Potential to expand government footprint amid a growing return-to-office effort. -Over $2.27 Billion in Government Funding Allocated to the State Tenants’ Departments. -Current ownership under an LOI for renewal and expansion of the agencies currently at the CPC. INDUSTRIAL 67.50% OF OCCUPIED GLA • 30.15% OF TENANT REVENUE -The CPC is anchored by two major industrial tenants, each operating at the facility for over 10 years. -Baker Distributing, a subsidiary of Watsco (NYSE: WSO), is a leading HVAC equipment distributor & recently executed a new 10-year lease in 2024. -SpillTech, Inc., recently executed an early lease renewal in 2024 and is a subsidiary of New Pig Corp., the world’s largest manufacturer of absorbent and spill remediation products. -Potential to increase industrial revenue contribution by leasing the excess land for industrial outdoor storage & raising well-below market rents.

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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