Investment Income Property
W. Scott Wilson Properties LLC is please to offer this two-tenant building, located adjacent to the Tom Hill retail corridor area of Macon, GA at 110 Holiday Drive (the “Property”). The offering is comprised of an approximately one acre of land along with fee simple ownership rights to a 16,227 sq ft office building that is 49% leased by the Georgia Public Library that has been at this location for 34 years, with 15% leased by State Board of Worker’s Compensation, and finally with 5767 sq ft vacant and in move in condition. This property is offered at a stabilized cap rate of 11.75 % and a 6.4% cap rate on in place NOI.
The Property is in excellent condition with very little deferred maintenance.