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Opportunity Zone

Investment Office Building Portfolio

Office | 9.00% CAP

Listing Contacts

Active

Asking Price: $3,535,000
Address 

600 Plant Ave, Waycross, GA 31501

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Date Added
Mar 29, 2022
Days on Market
1178 days
Time Since Last Update
17 days

Details

Property TypeOffice
SubtypeCreative Office
Investment TypeStabilized
ClassB
Lease TypeModified
TenancyMulti
Cap Rate9.00%
Occupancy100%
NOI$318,150
IntelligenceINTELLIGENCE
Explore more in-depth Comp & Record details for this property. Explore

Marketing Description

Thanks for your interest in this opportunity.​ We are selling as a package as shown on this email or we would consider offers on the individual buildings.​

Excellent Investment Property.​ All tenants have been at these current locations for many years.​

600 Plant Road, Dept of Labor has a brand-new roof along with new electrical, exterior and interior paint, and new HVAC units totaling $200,000-$250,000 in upgrades.​

Department of Labor occupying the 600 Plant Road location for over 30 years.​

Diversified Resources Inc is a privately owned corporation providing community-based programs and services are designed to help disabled and older adults remain safely in their homes and delay or prevent nursing home placement.​ Diversified Resources, Inc.​ provides specific resources for those individuals and their caregivers that include wellness programs, nutritional support, home and community-based services.​ Diversified Resource Inc occupy their three buildings for over 15 years.​ All new awnings on the buildings.​ Diversified has agreed to renew for 5-year term starting October 1st, 2024.​

Barnes Health been at their location for over 10 years.​ They have just renewed for 2-year term with a two-year option.​ Year 1 rent at $2300/month and year two at $2400/month triple net.​

Lincare has been at this location for over 10 years.​ They currently occupy 1650 sq ft and their lease goes through 2025.​

Waycross Liquidators has just extended their lease is in force until 9/30/2026 at $3600/month.​ NN on building 1 and has lease term that runs through 5/31/26 at $3600/mo NNN on building 2

Investment Highlights

Long term tenants

no deferred maintenance

100% occupied

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
> $318,150.00
$26,512.50/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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