River Mill Warehouse and Storage | 3663 1st Avenue
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River Mill Warehouse and Storage 3663 1st Avenue
402,900 SF 100% Leased Industrial Building Columbus, GA 31904 $12,200,000 ($30/SF)
Investment Highlights
- +/-402,900 SF warehouse space on 16.1 acre site
- Immediate access to J.R. Allen Parkway, Manchester Expressway, and I-185
- Operating business nets over $750k/year in rental income, significant upside potential
- 1 block off 2nd Avenue, convenient to downtown Columbus and Phenix City
Executive Summary
River Mill warehousing and storage facility available for purchase. +/-402,900 SF of total warehouse space on a +/-16.1 acre site. Warehouse, boat/RV/auto storage, and self-storage businesses generate over $750,000/year in net lease income. Current rents are under market and have significant upside potential. Rent roll and financials available upon request.
River Mill Warehouse generates over $750,000/year net lease income and the business includes 3 components:
(1) River Mill Warehouses. +/-253,400 SF in 9 units from 14,200 SF to 52,180 SF;
(2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of indoor storage plus secure outdoor storage, and;
(3) River Mill Self Storage. +/-83,400 SF of climate-controlled storage with 65 units from 100 SF to 2,700 SF.
Major tenants include River Mill Boat, RV and Self Storage, River Mill Data Management, Panasonic, La-Z-Boy, and Lowe Electric Supply. The buildings are fully sprinklered, ceiling heights vary from 14' to 18', and most spaces include new LED lighting. River Mill warehouses are served by a total of 20 docks and 5 drive-in doors. The property is fenced and gated with on-site parking for approximately 20 trucks and 46 autos.
MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and commercial uses.
River Mill Warehouse generates over $750,000/year net lease income and the business includes 3 components:
(1) River Mill Warehouses. +/-253,400 SF in 9 units from 14,200 SF to 52,180 SF;
(2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of indoor storage plus secure outdoor storage, and;
(3) River Mill Self Storage. +/-83,400 SF of climate-controlled storage with 65 units from 100 SF to 2,700 SF.
Major tenants include River Mill Boat, RV and Self Storage, River Mill Data Management, Panasonic, La-Z-Boy, and Lowe Electric Supply. The buildings are fully sprinklered, ceiling heights vary from 14' to 18', and most spaces include new LED lighting. River Mill warehouses are served by a total of 20 docks and 5 drive-in doors. The property is fenced and gated with on-site parking for approximately 20 trucks and 46 autos.
MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and commercial uses.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,200,000 | No. Stories | 1 |
| Price Per SF | $30 | Year Built | 1920 |
| Sale Type | Owner User | Parking Ratio | 0.11/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 20 |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 16.10 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 402,900 SF |
| Price | $12,200,000 |
| Price Per SF | $30 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 16.10 AC |
| Rentable Building Area | 402,900 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.11/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Yard
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
zoning
| Zoning Code | MROD (Mill Restoration Overlay District) |
| MROD (Mill Restoration Overlay District) |
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River Mill Warehouse and Storage | 3663 1st Avenue
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