River Mill Warehouse and Storage

Highlights:

• +/-402,900 SF warehouse space on +/-16.1 acre site
• Operating business nets over $750k/year in rental income, significant upside potential
• Immediate access to JR Allen Parkway, Manchester Expressway, and I-185
• 1 block off 2nd Avenue, convenient to downtown Columbus and Phenix City

Description:

River Mill warehousing and storage facility available for purchase. +/-402,900 SF of total warehouse space on a +/-16.1 acre site. Operating warehouse, boat/RV/auto storage, and self-storage businesses generate over $750,000/year in net lease income. Current rents for mid-large spaces are below average and have significant upside potential.

The property includes 3 components:
(1) River Mill Warehouses. +/-253,400 SF with 9 units ranging in size from 14,200 SF to 52,180 SF;
(2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of climate-controlled indoor storage, plus secure outdoor storage, and;
(3) River Mill Self-Storage. +/-83,400 SF of climate-controlled storage with 65 units ranging in size from 100 SF to 1,500 SF.

Major tenants currently include River Mill Boat, Auto & RV Storage, River Mill Self Storage, River Mill Data Management, Panasonic, Lowe Electric Supply, Hornsby Tire, and La-Z-Boy.

The building is fully-sprinklered, ceiling heights vary from +/-14' to +/-18', and most spaces include LED lighting. River Mill Warehouses are served by a total of 20 docks and 5 drive-in doors (2 docks minimum per space). The property is fenced and gated with on-site parking for approx. 20 trucks and 46 autos.

MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and related uses.

Located in north Coumbus 1 block off 2nd Avenue in the center of the redeveloping Bibb Mill District. Convenient to downtown Columbus and Phenix City with immediate access to J.R. Allen Parkway, Manchester Expressway, and I-185.

Standard wet

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