60 W Highway 22 Milledgeville, GA 31061
| Listing ID | 1588 |
| Sale or Lease | SALE |
| Property Type | OFFICE |
| Property Use | Investment Property |
| Property SubType | MEDICAL OFFICE |
| Status | ACTIVE |
| Price | $2,700,000.00 |
| Total Building Size SqFt. | 27000 |
| Total Lot Size - Acres | 2.32 |
| Days On Market | 139 |
| County | Baldwin |
| Year Built | 1941 |
60 W Highway 22 Milledgeville, GA 31061
Property Description
Great investment/income-producing opportunity! 7.2% CAP Rate. This ±27,00 SF building on 2.32 acres is currently leased to River Edge Behavioral Center, serving more than 10,000 Georgians annually. Tenant spent $1,000,000 when initially leased in 2013 and spent $100,000 in upgrades in 2020. January rent is currently at $19,420.32 per month, with a 3% increase in rent annually. Call Agent for financial information
Location Description
Property is conveniently located off Highway 441 and is approximately 3 miles from downtown Milledgeville. Neighboring businesses include Baldwin County Recreation Department, Heart of Georgia Animal Care, Oconee Concrete, Central Georgia Technical College, Lakeview Academy, Baldwin County of Education, and more.
Property Listed By:
Brochure
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Highlights
- Great investment/income producing opportunity
- 7.2 CAP Rate
- Long-standing tenant
- Excellent location