OFFERING MEMORANDUM Midtown Medical Office

Transcription

1 OFFERING MEMORANDUM th Avenue Columbus, Georgia Carson Cummings Coldwell Banker Commercial Jeanne Hasty Keller Williams Commercial

2 OFFERING MEMORANDUM Coldwell Banker Commercial - Kennon, Parker, Duncan & Davis in partnership with Keller Williams Commercial - River Cities, as exclusive advisors to the seller, is pleased to present this sales/leaseback opportunity in Columbus, Georgia. The property is a ±9,440 square foot class "A" medical office constructed in 2006 with an attractive brick exterior and quality interior finishes. The site is located as a part of the ±3.725 acre Midtown Medical Park centrally located with easy access to the area's two major hospitals. The site is accessed through two of the area's major collector roads with direct access to two main arterials (Manchester Expressway and Veterans Parkway.) Columbus, Georgia lies 100 miles south of Atlanta and is 90 minutes from Atlanta Hartsfield Jackson International Airport. It is the home to the US Army s Fort Benning as well as worldwide corporate headquarters for major employers such as Aflac (NYSE: AFL), TSYS (NYSE: TSS), and Synovus Financial (NYSE: SNV). Please reach out to us if you have any further questions about the property, space or the area as a whole. Carson Cummings Coldwell Banker Commercial carson@kpdk.com Jeanne Hasty Keller Williams Commercial jeannehasty@kwcommercial.com 2

3 TABLE OF CONTENTS TABLE OF CONTENTS Property Information 4 Offering Information 5 Property Location Aerial 6 Property Aerial 7 Property Survey 8 Property Floorplan 9 Property Demographics 10 Area Information 11 Contact Information 12 3

4 PROPERTY INFORMATION Property Description Centrally located between two major hospitals (St. Francis & Columbus Regional) Class "A" medical office located within Midtown Medical Park 100% leased to Urology Associates of Columbus, Georgia Located in the heart of an in-town growth area of Midtown Columbus Conveniently located to both dense midtown residential and downtown Columbus Medical Park Summary Total Area: ± AC Parking Spaces: 228 spaces Zoning: RO Total Buildings: 3 Total Square Footage: ± 33,871 SF Property Summary: Total Area: ± AC Total Building Square Footage: ± 9,440 SF Year Built

5 OFFERING INFORMATION Offering Summary Offering Price: $1,620,000 Cap Rate: 7.25% Gross Leasable Area (GLA): ± 7,039 SF Year Built: 2006 Lot Size: ± AC Income Net Operating Income (NOI): $117,450 Lease Summary Lease Type: Lease Term: Increases: Options: Absolute Net 7 years 2% Annually 3 years Tenant Summary Urology Associates of Columbus, Georgia Urology Associates of Columbus, Georgia specializes in providing the best urological care to Columbus and the surrounding community with modern diagnostic laboratory and state-of-the-art treatments for various urological issues for the entire family. The Urology Associates of Columbus, Georgia is comprised of a team of four doctors who are American Board of Urology certified experts with a combined expertise of over 121 years of medical practice. Tenant website: 5

6 PROPERTY LOCATION MAP Manchester Expressway Warm Springs Road/Talbotton Road Macon Road/Wynnton Road Subject Property 13th Avenue Veterans Parkway 6

7 PROPERTY AERIAL Springer Street 16th Street 13th Avenue 7

8 PROPERTY SURVEY COLDWELL BANKER COMMERCIAL - Kennon, Parker, Duncan & Davis 1025 First Avenue Columbus, GA

9 PROPERTY FLOORPLAN 9

10 PROPERTY DEMOGRAPHICS 10

11 AREA INFORMATION COLUMBUS, GEORGIA Columbus, Georgia lies 100 miles south of Atlanta and is 90 minutes from Atlanta Hartsfield Jackson International Airport. It is the home to the US Army s Fort Benning as well as worldwide corporate headquarters for major employers such as Aflac (NYSE: AFL), TSYS (NYSE: TSS), and Synovus (NYSE: SNV). The Columbus Core- Based Statistical Area, which includes four counties in Georgia and two counties in Alabama, encompasses a populations of 298,275. The Columbus, Georgia statistical area forms the third largest metropolitan area in the state of Georgia. Columbus is a river town located on the east bank of the Chattahoochee River. Just completed is a public-private partnership that created a 2.5 mile urban white-water rafting course. Total spending on the project was over $25 million. The project was just one part of a redevelopment effort in Columbus downtown district known as UpTown. FORT BENNING, GEORGIA Located less than 7 miles from the main gate, Fort Benning is one of the largest US Army bases in the United States. Fort Benning, serves 40,000+ active personnel and supports 120,000+ active duty military, family members, reserve component soldiers, retirees, and civilian employees on a daily basis. In addition, it trains more than 115,000 soldiers annually. Fort Benning is a major economic force in the area, contributing to approximately $5.9 billion to the regional economy. The base has benefited significantly from the consolidation of military forces at the nation s largest bases brought about by the policies adopted by the Base Realignment and Closure Commission and is now home to the Army s Infantry, Ranger and Armor schools, as well as elements of the 3rd Infantry Division, 3rd Infantry Brigade, 75th Ranger Division, as well as the Western Hemisphere Institute for Security Cooperation. 11

12 Carson Cummings Coldwell Banker Commercial Jeanne Hasty Keller Williams Commercial The information contained in this document has been obtained from sources believed reliable. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and may not represent the future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.