Northside Square | 4-Building Office Center in Macon | 8% Cap Rate
$4,250,000
3312 Northside Drive, Macon, GA 31210
For Sale
Office
Building
Active
Last Updated: 11/03/2022
43,256 sqft
Building Size
3.13 acres
Lot Area
Details:
Building Size: 43,256 sqft
Lot Area: 3.13 acres
Occupancy: 76%
Class: B
Year Built: 1984
Floors: 1
Highlights:
- ± 43,256 SF office property in Macon, GA
- 8% cap rate on actual income
- Owner/user or value-add investment opportunity (currently 76% occupied)
- Located off I-75 with very high traffic counts of 57,586 vehicles per day and on Riverside Dr with traffic counts of 14,847 vehicles per day
- High parking ratio (9.25/1,000 SF)
Description:
Bull Realty is pleased to present Northside Square, a 76% occupied, value-add, office property well-located in Macon, GA off Northside Drive. The property is also clearly visible and easily accessible from I-75 South. Northside Drive brings in ± 9,452 vehicles per pay, while Riverside Drive brings in just under ± 15,000 vehicles on a daily basis. The property has a total of four separate buildings that sit on ± 3.13 acres. There are many new developments on the rise in Macon that will create upside in the market as well as create many new jobs for the city.
Macon, GA
Documents:
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| Offering_Memorandum.pdf | ||
| Offering_Memorandum.pdf |
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Location
Gallery
