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Former Fastenal Store 101 S Davis St 6,000 SF Retail Building Albany, GA 31701 $310,000 ($51.67/SF) 7.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Credit Tenant
- Updated office
- Over 5 years remaining on lease term
EXECUTIVE SUMMARY
This is a 6,000 sf office/warehouse building leased to DXP Enterprises, Inc. which is a publicly traded industrial supply company with over $1 billion in revenues and over 3,200 employees. The lease has over 5 years remaining and the pro-forma NOI is $21,888 reflecting a 7% cap rate. The interior office space has been renovated and the building is in good condition. The offering includes the adjoining land parcel located at 706 W. Broad Avenue. Excellent opportunity for a 1031-exchange.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1987/2021
Price
$310,000
Price Per SF
$51.67
Cap Rate
7.06%
NOI
$21,888
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.16
Lot Size
0.84 AC
Opportunity Zone
Yes
Zoning
C3 - General Commercial
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 000DD-00002-020 | Improvements Assessment | $66,200 |
| Land Assessment | $21,640 | Total Assessment | $87,840 |
PROPERTY TAXES
Parcel Number
000DD-00002-020
Land Assessment
$21,640
Improvements Assessment
$66,200
Total Assessment
$87,840
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SouthCore Real Estate
Former Fastenal Store | 101 S Davis St
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