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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

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
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 - -
Show More > < Show Less
  • Listing ID: 25336654

  • Date on Market: 3/26/2022

  • Last Updated:

  • Address: Six Building Estate Portfolio, Waycross, GA

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