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Women's Health Professionals 414 5th Ave

8,916 SF 100% Leased Office Building Albany, GA 31701 $1,175,000 ($132/SF) 8.17% Cap Rate

Medical Offices Georgia Albany 414 5th Ave, Albany, GA 31701

Investment Highlights

  • Prime medical office space next to large regional hospital. Sale-lease back opportunity offering over 8% rate of return.
  • 14 exam rooms; 3 doctors' offices; 7 bathrooms; main and sub-waiting areas; procedure rooms; break room
  • Office was constructed in 1983 and added onto in 2019. Recent updating and partial roof replacement.
  • The property in includes two tax parcels: 414 & 416 Fifth Avenue, Albany, GA

Executive Summary

This is a sale-leaseback opportunity for a quality medical office adjacent to a 691-bed teaching hospital and regional center for cancer treatment, cardiac medicine/surgery, gastrointestinal disease, and neuro-science. The hospital, Phoebe Putney Memorial, is currently in the process of a $100+ million expansion of the emergency room, NICU and ICU centers. The office building has been updated and was added onto in 2019. The convenience for the doctor's group to be within walking distance of the hospital and the labor/delivery area is second to none. The sellers, a long-time OB-GYN practice, will consider a leaseback for up to three years at $8,000/month NNN. Contact broker for additional details.

Attachments

Marketing Flyer 414 - 416 Fifth Avenue - 9-6-2024

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
8,916 SF
Building Class
B
Year Built/Renovated
1983/2019
Price
$1,175,000
Price Per SF
$132
Cap Rate
8.17%
NOI
$96,000
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,916 SF
Building FAR
0.16
Lot Size
1.28 AC
Zoning
C-5 - Office-Institutional-Residential District
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(229) 405-2483

Contact

  • Listing ID: 29812585

  • Date on Market: 10/17/2023

  • Last Updated:

  • Address: 414 5th Ave, Albany, GA 31701

The Office Property at 414 5th Ave, Albany, GA 31701 is currently available for sale. Contact SouthCore Real Estate for more information.

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Women's Health Professionals | 414 5th Ave
(229) 405-2483 x

Women's Health Professionals | 414 5th Ave

Mike Everett

(229) 405-2483

(229) 405-2483

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