Six Building Estate Portfolio
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Six Building Estate Portfolio
6 Properties Offered at $3,100,000 in Waycross, GA
Investment Highlights
- Long Term Tenants
- Attractive Financing Available
- Stable Low operation cost
Executive Summary
Thanks for your interest in this opportunity. We are selling as a package as shown on this email or we would consider offers on the individual buildings.
Excellent Investment Property. All tenants have been at these current locations for many years.
600 Plant Road, Dept of Labor has a brand-new roof along with new electrical, exterior and interior paint, and new HVAC units totaling $200,000-$250,000 in upgrades.
Department of Labor occupying the 600 Plant Road location for over 30 years.
Diversified Resources Inc is a privately owned corporation providing community-based programs and services are designed to help disabled and older adults remain safely in their homes and delay or prevent nursing home placement. Diversified Resources, Inc. provides specific resources for those individuals and their caregivers that include wellness programs, nutritional support, home and community-based services. Diversified Resource Inc occupy their three buildings for over 15 years. All new awnings on the buildings. Diversified has agreed to renew for 5-year term starting October 1st, 2024.
Barnes Health been at their location for over 10 years. They have just renewed for 2-year term with a two-year option. Year 1 rent at $2300/month and year two at $2400/month triple net.
Lincare has been at this location for over 10 years. They currently occupy 1650 sq ft and their lease goes through 2025.
Waycross Liquidators has just extended their lease is in force until 9/30/2026 at $3600/month. NN
Property now offered at a 9% cap rate
Excellent Investment Property. All tenants have been at these current locations for many years.
600 Plant Road, Dept of Labor has a brand-new roof along with new electrical, exterior and interior paint, and new HVAC units totaling $200,000-$250,000 in upgrades.
Department of Labor occupying the 600 Plant Road location for over 30 years.
Diversified Resources Inc is a privately owned corporation providing community-based programs and services are designed to help disabled and older adults remain safely in their homes and delay or prevent nursing home placement. Diversified Resources, Inc. provides specific resources for those individuals and their caregivers that include wellness programs, nutritional support, home and community-based services. Diversified Resource Inc occupy their three buildings for over 15 years. All new awnings on the buildings. Diversified has agreed to renew for 5-year term starting October 1st, 2024.
Barnes Health been at their location for over 10 years. They have just renewed for 2-year term with a two-year option. Year 1 rent at $2300/month and year two at $2400/month triple net.
Lincare has been at this location for over 10 years. They currently occupy 1650 sq ft and their lease goes through 2025.
Waycross Liquidators has just extended their lease is in force until 9/30/2026 at $3600/month. NN
Property now offered at a 9% cap rate
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
---|---|
Gross Rental Income | $351,351 |
Other Income | $9,188 |
Vacancy Loss | $17,567 |
Effective Gross Income | $342,972 |
Taxes | $22,027 |
Operating Expenses | $39,943 |
Total Expenses | $61,970 |
Net Operating Income | $281,002 |
Taxes & Operating Expenses (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | $351,351 |
Other Income | |
---|---|
Annual | $9,188 |
Vacancy Loss | |
---|---|
Annual | $17,567 |
Effective Gross Income | |
---|---|
Annual | $342,972 |
Taxes | |
---|---|
Annual | $22,027 |
Operating Expenses | |
---|---|
Annual | $39,943 |
Total Expenses | |
---|---|
Annual | $61,970 |
Net Operating Income | |
---|---|
Annual | $281,002 |
Property Facts
Price | $3,100,000 | Number of Properties | 6 |
Price / SF | $70.49 / SF | Individually For Sale | 0 |
Cap Rate | 9% | Total Building Size | 43,978 SF |
Sale Type | Investment | Total Land Area | 3.80 AC |
Status | Active |
Price | $3,100,000 |
Price / SF | $70.49 / SF |
Cap Rate | 9% |
Sale Type | Investment |
Status | Active |
Number of Properties | 6 |
Individually For Sale | 0 |
Total Building Size | 43,978 SF |
Total Land Area | 3.80 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
93 Vickers Rd, Waycross, GA 31503 | Office | 7,600 SF | 1974 | - |
Diversified Resource Inc
147 Knight, Waycross, GA 31503 |
Office | 4,800 SF | 1996 | - |
161 Knight Avenue Cir, Waycross, GA 31503 | Office | 4,800 SF | 1977 | - |
600 Plant Ave, Waycross, GA 31501 | Office | 15,434 SF | 1954 | - |
2875 Knight Ave, Waycross, GA 31503 | Office | 5,000 SF | 1993 | - |
Fastenal
2985 Knight Ave, Waycross, GA 31503 |
Retail | 6,344 SF | - | - |
1 of 1
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
W. Scott Wilson Properties LLC
Six Building Estate Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.