Listed by ACRE Real Estate Partners
$3,200,000
518 West Roosevelt Avenue
Details
Property Type Industrial, Office
Sub Type Distribution, Flex
Square Footage 38,550
Cap Rate 8.44%
NOI $270,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Price per SqFt $83
Class B
Year Built 1952
Year Renovated 1986
Stories 1
Acreage 2.160
Zoning C-2, General Mixed use Business
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ceiling Height 20
Dock High Doors 5
Industrial | 8.44% CAP | 38,550 SqFt
Marketing description
Located in the heart of Albany, GA, the property enjoys proximity to key industrial and manufacturing hubs, making it an ideal investment opportunity. The area is renowned for its strategic logistical advantages, vibrant business environment, and robust infrastructure, including access to major transportation routes. Nearby points of interest include the Albany Dougherty Economic Development Commission, the Procter & Gamble Manufacturing Plant, and the Coats & Clark Industrial Facility, offering a clear reflection of the area's industrial significance. With its favorable business climate and strong industrial presence, the location is primed for growth, making it an enticing proposition for industrial and manufacturing investors.
Investment highlights
- Absolute NNN Lease - No Landlord Responsibility
- Ceiling eave height 20'
- Bay spacing 25' x 50' and 30' x 50'
- 4 Dock high doors 10' wide x 9' tall
- 1 Drive in door
- Office Electrical has two 400 amp panels; Warehouse has one 600
Listing Contacts
Listed by ACRE Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,000.00
$22,500.00/mo
Valuation Metrics
0
DSCR
8.44%
Cap Rate
8.44%
ROI
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