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Deena Office Park | 7.5% Cap Rate

1921 Whittlesey Road
Columbus, GA 31904
PRICE : $3,880,000
PROPERTY TYPE: Office
SITE SIZE: 4.00 Acres
BUILDING SIZE: 28,776 SF
YEAR BUILT: 2002

Highlights

  • 7.5% cap rate on actual NOI with capex reserve and management
  • Low maintenance, constructed in 2002
  • Medical and financial tenants
  • Stable occupancy at 88%
  • North Columbus location in close proximity to: Columbus Park Crossing over 1 million square foot retail development; I-185 interchange and Northside Medical Center
  • Four-way signalized intersection at property entrance
  • Below market rent and unfinished 2,007 square foot shell are value add opportunities for an astute investor
  • Affluent location, average household income 1 mile from subject is $77,517

Description

Deena Office Park is a multi-tenant medical professional project located in Columbus, Muscogee County, Georgia. The subject consists of five 1-story buildings on four acres of land. It has excellent access via a 4-way signalized intersection at the property entrance on Whittlesey Road. Below market rent and unfinished 2,007 square foot shell are value add opportunities for an astute investor.

The property has over 400 feet of frontage to Whittlesey Road, a vital east to west corridor connecting the retail centers along Whitesville Road to the commercial and retail corridor of Veterans Parkway. Traffic counts are 7,163 vehicles per day on Whittlesey Road, 18,031 vehicles per day on Whitesville Road, and 20,781 vehicles per day on Veterans/Hamilton Road.

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