1501 13th Ave | Columbus, GA 31901
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- LoopNet Team
1501 13th Ave
Columbus, GA 31901
iHeart Radio · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease Extension: The tenant recently extended their lease for an additional five years, bringing the remaining term to eight years
- Established Tenant: iHeartRadio has successfully operated at this location for over 15 years
- Below Market Rent: Current rent is $14.19 PSF, well below the market rate of $20 PSF
- Attractive Annual Rent Increases: The lease includes a 3% annual rent escalation, enhancing investment returns
- Competitive Pricing: The property is priced significantly below replacement cost at $135 PSF
- Strategic Market: Columbus is the third-largest city in Georgia and a vital economic hub, home to Ft. Moore, America’s 3rd largest Military base in US
PROPERTY FACTS
Property Type
Office
Building Size
11,835 SF
Building Class
C
Year Built
1983
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,835 SF
Building FAR
0.18
Lot Size
1.50 AC
PROPERTY TAXES
| Parcel Number | 027-022-009 | Improvements Assessment | $415,202 |
| Land Assessment | $125,452 | Total Assessment | $540,654 |
PROPERTY TAXES
Parcel Number
027-022-009
Land Assessment
$125,452
Improvements Assessment
$415,202
Total Assessment
$540,654
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