Ga Flex Gateway Drive – 4 Properties Offered

W. Scott Wilson Properties is pleased to offer Ga Flex , four suburban flex buildings, one of which is 100% office, encompassing 80,000 square feet, located in north Macon in the hottest retail market in Middle Ga right next to the Shoppes at River Crossing. The four flex buildings are one story in height and are set in a suburban campus, less than a half mile north of Interstate 75. The building breakdowns are as follows: Building 105 is 15,500 square feet and 35% office, Building 107 is 17,500 square feet and 80% office, Building 111 is 17,500 square feet and 12% office, and Building 115 is 29,500 square feet and 100% office. Great upside for conversion to non-warehouse uses.
There is an assumable loan in the amount of $3,500,000 at 3.85% that if assumed represents a little over an 10% cash on cash return at the asking price.

TAXES & OPERATING EXPENSES (ACTUAL – 2018)

ANNUAL
Gross Rental Income $548,352
Other Income $88,596
Vacancy Loss $50,957
Effective Gross Income $585,991
Taxes $46,216
Operating Expenses $78,176
Total Expenses $124,392
Net Operating Income $461,599

HIGHLIGHTS

  • Over a 10% cash on cash return on in place NOI
  • Attractive Long Term Financing to be Assumed
  • 100% Occupancy for the last 3 years and over 95% for the last 6 years
  • Located within a Strong Demographic and the Highest Growth Area of Middle Georgia
  • Property in Excellent Condition

PROPERTIES

PROPERTY NAME / ADDRESS, CITY, STATE PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Georgia Flex
115 Gateway Dr, Macon, GA
Office 29,654 1995 N/A
111 Gateway Dr, Macon, GA Industrial 17,500 1999 N/A
105-B Gateway Dr, Macon, GA Industrial 15,000 1996 N/A
107 Gateway Dr, Macon, GA Industrial 17,500 N/A
  • Price: $5,769,490 
  • Acres: 7.38 
  • Utilities: Electricity, Water, Cable, Internet, and Sewer 
  • Roads: Paved 
  • Square Feet: 79564 
  • Zoning: Commercial 
  • Active?: Yes