The Georgia Building
Downtown Lagrange Office / Zoned Mix Use for Redevelopment / 80% Leased -Value Add
Marketing description
Own a landmark office building in vibrant and growing downtown Lagrange, Georgia.
The city of LAGRANGE is home to the largest industrial park in the Southeast and 4th largest in the country. This Industrial Park houses over 100 companies driving the economic growth in this city. Kia Motors, Duracell, Caterpillar, , etc, call this home. Remington Fire Arms just announced they are relocating to LaGrange and investing $100 millions to build manufacturing and headquarters. A new $8 billion dollar Data Center is under development and the country’s first privately owned 10,500 seat Cricket Stadium as part of a new mix-use development. This is a city in complete transition and growth. The countries largest home builders and developers are actively building 1000’s of homes to support the growing manufacturing work force moving to this county.
The Georgia Building is located in the “Merchant District’ of downtown Lagrange. It’s one block from Lafayette Square, Courtyard Marriott Hotel, restaurants, retail, and shopping. This value add property is strategically located in the center of all the new re-development of downtown Lagrange. This property is also zoned CR-MX which is the most flexible for a large amount of uses, including: retail, mix-use, hotel, office, medical, and many more. This property includes 2 buildings, the main building is over 10K sqft with a second floor with 4K additional leasable space. There is also a stand alone 522 sqft building the other side of the property. This property is 80% leased, with value add opportunities for investors.
Investment highlights
Highly Favored Downtown Office: Medical and Office building provide investors with favorable tenant types due to their tendency toward downtown locations, potential higher rental rates, and improved value for real estate due to all the re-development projects in downtown Lagrange.
City in Growth and Transition: This city is going thru a significant development boom. This is one of the fastest growing manufacturing hubs in the Southeast, with over 100 companies and growing. A new $8 Billion dollar Data Center was just announced, brining more high paying jobs to the area. The KIA Motor Company employs thousands of workers and calls Lagrange home. The countries largest builders are now developing new communities throughout the city. The country’s first privately owned 10,500 seat Cricket stadium is under development, planned to bring thousands of fans, teams, and business to the city.
Growing Rental Rates: Annual rental increases are imperative to investment real estate, providing a hedge against inflation and improved return metrics over the remaining term.
Metro Midpoint: LaGrange sits between two of Georgia’s largest cities and provides a hub for not only commerce and industry, but also a growing manufacturing and housing presence serving the growing region.
Strategically Located: This office building is located near the vibrant and growing merchant district of downtown Lagrange, making it prime for “re-development”. The CR-MX zoning allows for every potential commercial use or mix-use project. The property sits on .84 acres with approximately 75 parking spaces, perfect for owner operator business, medical or clinic, corporate headquarters, or complete redevelopment.
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