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Executive Summary

Income is derived from rent, expense reimbursements, and tenant improvement (TI) reimbursements. Expense reimbursements are adjusted annually based on the cost-of-living index and increases in local property taxes. As part of the purchase, the tenant makes monthly payments to the landlord under a promissory note related to the building expansion completed in 2023. The original principal balance of the note was $659,183, amortized over 84 months at a 7% interest rate. As of July 1, 2026, the outstanding balance is approximately $450,000.
Building is surrounded by national retailers such as Target, Best Buy, Hobby Lobby and Regal Cinemas. The neighboring area is pedestrian friendly with convenient bus transportation within the vicinity. Site is located conveniently near I-20 @ I-520 location, Wheeler Rd & Walton Way Extension.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
19,180 SF
Building Class
A
Year Built/Renovated
2005/2023
Price
$6,950,000
Price Per SF
$362.36
Cap Rate
6.37%
NOI
$442,623
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,180 SF
Building FAR
0.17
Lot Size
2.55 AC
Zoning
B-2
Parking
89 Spaces (4.64 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $31.18
  • Full Service
  • Nov 2035

The Social Security Administration is a U.S. federal agency that began in 1935 as the Social Security Board under the Social Security Act and later adopted its current name in 1946. The agency administers retirement, disability, survivors, family, and Medicare-related services, and also supports Social Security number, card, and benefit-verification functions. SSA serves the public through online self-service tools such as my Social Security, a national toll-free number, and field-office support. The agency also runs work-support programs for disability beneficiaries, including Ticket to Work, which helps participants explore employment and maintain work-related supports.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $31.18 Full Service Nov 2035
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
0232001010
Land Assessment
$223,400
Improvements Assessment
$1,600,676
Total Assessment
$1,824,076
  • Listing ID: 41061802

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 115 Robert C Daniel Jr Pky, Augusta, GA 30909

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