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60 Highway 22 W 27,000 SF Industrial Building Milledgeville, GA 31061 $2,700,000 ($100/SF)
INVESTMENT HIGHLIGHTS
- Great investment/income producing opportunity
- Long-standing tenant
- 7.2% CAP Rate
- Excellent location
EXECUTIVE SUMMARY
Great investment/income-producing opportunity! 7.2% CAP Rate. This ±27,00 SF building on 2.32 acres is currently leased to River Edge Behavioral Center, serving more than 10,000 Georgians annually. Tenant spent $1,000,000 when initially leased in 2013 and spent $100,000 in upgrades in 2020. Rent has a 3% annual increase. Call Agent for financial information.
Property is conveniently located off Highway 441 and is approximately 3 miles from downtown Milledgeville. Neighboring businesses include Baldwin County Recreation Department, Heart of Georgia Animal Care, Oconee Concrete, Central Georgia Technical College, Lakeview Academy, Baldwin County of Education, and more.
Property is conveniently located off Highway 441 and is approximately 3 miles from downtown Milledgeville. Neighboring businesses include Baldwin County Recreation Department, Heart of Georgia Animal Care, Oconee Concrete, Central Georgia Technical College, Lakeview Academy, Baldwin County of Education, and more.
PROPERTY FACTS
AMENITIES
- Air Conditioning
UTILITIES
- Water - City
- Heating
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PROPERTY TAXES
| Parcel Number | 068-001D | Improvements Assessment | $411,072 |
| Land Assessment | $17,928 | Total Assessment | $429,000 |
PROPERTY TAXES
Parcel Number
068-001D
Land Assessment
$17,928
Improvements Assessment
$411,072
Total Assessment
$429,000
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60 Highway 22 W
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