2945 Walton Way Ext 4,984 SF Office Building Augusta, GA 30909 $895,000 ($179.57/SF) 7.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Well built building
- Ample parking
- Great tenant
EXECUTIVE SUMMARY
Excellent investment opportunity in Augusta. Ga. *1031 Exchange Opportunity
Good base lease with renewal options.
Highlights
4,984 SF building
Built in 1992
Zoned P-1
Located in Augusta, GA
100% occupancy
Quality corporate tenant
Excellent visibility
Well-built structure
Good base lease with renewal options.
Highlights
4,984 SF building
Built in 1992
Zoned P-1
Located in Augusta, GA
100% occupancy
Quality corporate tenant
Excellent visibility
Well-built structure
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$77,252
|
$15.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,252
|
$15.50
|
| Taxes |
$5,349
|
$1.07
|
| Operating Expenses |
$4,986
|
$1.00
|
| Total Expenses |
$10,335
|
$2.07
|
| Net Operating Income |
$66,917
|
$13.43
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,984 SF
Building Class
B
Year Built
1992
Price
$895,000
Price Per SF
$179.57
Cap Rate
7.48%
NOI
$66,917
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,492 SF
Building FAR
0.21
Lot Size
0.54 AC
Zoning
P-1 - Physicians, health care, insurance, lawyers, engineers, architects, and similar professional uses.
Parking
22 Spaces (4.41 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Wheelchair Accessible
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- NextStep Care
- Health Care and Social Assistance
- -
- $15.50
- Modified Gross
- Sep 2028
- Paces, LLC
- Health Care and Social Assistance
- -
- -
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| NextStep Care | Health Care and Social Assistance | - | $15.50 | Modified Gross | Sep 2028 | |
| Paces, LLC | Health Care and Social Assistance | - | - | Modified Gross | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 0334001030 | Total Assessment | $131,366 |
| Land Assessment | $28,226 | Annual Taxes | $5,349 ($1.07/SF) |
| Improvements Assessment | $103,140 | Tax Year | 2024 |
