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27425114
27425115

2608 Commons Blvd, Augusta, GA 30909 For Sale

JE
GA GA 282262
Sherman & Hemstreet Real Estate Company
Listed by Sherman & Hemstreet Real Estate Company
$675,000
282 days on market
Updated 79 days ago

West Augusta Office Building

Details
Property Type Office
Sub Type Traditional Office
Square Footage 3,015
Net Rentable (SqFt) 3,015
Units 2
Cap Rate 7.12%
NOI $48,066
Tenancy Multi
Brand/Tenant Rescare, Allstate Insurance
Lease Type NNN
Rent Bumps Yes

Office | 7.12% CAP | 3,015 SqFt

Marketing description

NNN office investment opportunity in West Augusta. This 2-unit office building has two tenants with multi-year leases in place. The first tenant is Allstate Insurance whose lease starts November 1, 2025. Their space has been completely renovated with new flooring and paint. They occupy 1/3 of the building. The 2-year lease is at $16 per sf and is full NNN.

The second tenant is in the second year of their lease with a rate of $15.91 per sf on a NNN basis with tenant paying their prorated portion of operating expenses. Operating Expenses are estimated at $5.40 per sf.

Both leases have 3.00% annual increases in the rental rate making this a stable investment property with good tenants in place with an increasing income stream. Building is in great condition. Included in the operating expenses is a property owners association which maintains the common areas included paving and landscaping for the office complex.

Located just off of Washington Road near Interstate 20 in West Augusta, this office building is located in an office park with multiple large retailers and restaurant chains nearby as well. This property is very centralized in the area with it being just a short drive to Columbia County or to Downtown Augusta.


Listing Contacts

JE
GA GA 282262
Sherman & Hemstreet Real Estate Company
Listed by Sherman & Hemstreet Real Estate Company

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,066.00
$4,005.50/mo

Valuation Metrics

0
DSCR
7.12%
Cap Rate
7.12%
ROI

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Additional Information

Name
Joe Edge
License
GA 282262
Brokerage
Sherman & Hemstreet Real Estate Co
Brokerage Phone
7067228334
Title
Broker in Charge
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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