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244 Mercer Jct 66,500 SF Industrial Building Macon-Bibb, GA 31210 $4,510,009 ($67.82/SF) 7.50% Cap Rate
Investment Highlights
- 100% Occupied - Absolute NNN Lease with 5% Annual Increases
- Leading Global Plastics & Packaging Tenant – IPL is posed for Growth
- Mission-Critical Distribution Use with Strong Site Functionality - 29 Loading Docks
- Massive 11.35-Acre Site with ample Expansion Ability
- Strategic Central Georgia Logistics Location (Mercer Junction) – Close Proximity to I-475 and I-75
Executive Summary
Northmarq is pleased to present IPL Plastics, a 66,500± SF industrial asset located at 244 Mercer Junction in Macon, GA. The property is offered at $4,510,009, representing a 7.50% cap rate on current NOI of $338,251. The asset is subject to an Absolute NNN lease with zero landlord responsibilities and 5% annual rent increases. Listed at Sub-$70/SF, less than half replacement cost.
Property Facts
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | K007-0125 | Improvements Assessment | $1,083,143 |
| Land Assessment | $107,419 | Total Assessment | $1,190,562 |
Property Taxes
Parcel Number
K007-0125
Land Assessment
$107,419
Improvements Assessment
$1,083,143
Total Assessment
$1,190,562
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244 Mercer Jct
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