110 Holiday Dr
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110 Holiday Dr
16,000 SF 29% Leased Office Building Macon-Bibb, GA 31210 $1,395,000 ($87/SF) 8.22% Cap Rate
Investment Highlights
- Long term main tenant
- room for upside
- Great location
Executive Summary
W. Scott Wilson Properties LLC is pleased to offer this multi-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 16,000 sq ft office building that is 50% leased by the Georgia Public Library that has been at this location for 24years, with 15% leased by State Board of Worker’s Compensation that has been a tenant for the last 4 years, and finally with two vacancies of 2773 sq ft and 2767 sq ft, both in move in condition providing some upside. This property is offered at a stabilized cap rate of 11.72% and an 8.22% cap rate on in place NOI.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,857
|
$13.30
|
| Taxes |
$13,843
|
$0.85
|
| Operating Expenses |
$37,989
|
$2.34
|
| Total Expenses |
$51,832
|
$3.19
|
| Net Operating Income |
$164,025
|
$10.11
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $215,857 |
| Annual Per SF | $13.30 |
| Taxes | |
|---|---|
| Annual | $13,843 |
| Annual Per SF | $0.85 |
| Operating Expenses | |
|---|---|
| Annual | $37,989 |
| Annual Per SF | $2.34 |
| Total Expenses | |
|---|---|
| Annual | $51,832 |
| Annual Per SF | $3.19 |
| Net Operating Income | |
|---|---|
| Annual | $164,025 |
| Annual Per SF | $10.11 |
Property Facts
Sale Type
Investment
Property Type
Building Size
16,000 SF
Building Class
B
Year Built
1992
Price
$1,395,000
Price Per SF
$87
Cap Rate
8.22%
NOI
$114,624
Percent Leased
29%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Slab To Slab
11’
Building FAR
0.39
Lot Size
0.95 AC
Zoning
C-2 - commercial
Parking
50 Spaces (3.13 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite B: 2,767± SF ($2,075.25/Month)
Suite C: 3,000± SF ($2,250.00/Month)
5,767± SF ($4,325.25/Month)
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 2,767 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste C | 3,000 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste Combined | 5,767 SF | Office | Partial Build-Out | Now |
1st Fl-Ste B
| Size |
| 2,767 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste C
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste Combined
| Size |
| 5,767 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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STREET
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1st Fl-Ste B
| Size | 2,767 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Suite B: 2,767± SF ($2,075.25/Month)
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1st Fl-Ste C
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Suite C: 3,000± SF ($2,250.00/Month)
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3D TOUR
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STREET
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1st Fl-Ste Combined
| Size | 5,767 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
5,767± SF ($4,325.25/Month)
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PROPERTY TAXES
| Parcel Number | N043-0123 | Total Assessment | $543,842 (2024) |
| Land Assessment | $147,202 (2024) | Annual Taxes | $13,843 ($0.87/SF) |
| Improvements Assessment | $396,640 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
N043-0123
Land Assessment
$147,202 (2024)
Improvements Assessment
$396,640 (2024)
Total Assessment
$543,842 (2024)
Annual Taxes
$13,843 ($0.87/SF)
Tax Year
2023
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Presented by
W. Scott Wilson Properties LLC
110 Holiday Dr
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