324 S. Belair Rd. - LoopNet · 4 General Information Offering Summary Property Information PROPERTY...
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Offering Memorandum 324 S. Belair Rd. Martinez, GA 30907 Single Tenant Office/Retail Building Available For Sale
Transcript of 324 S. Belair Rd. - LoopNet · 4 General Information Offering Summary Property Information PROPERTY...
Offering Memorandum
324 S. Belair Rd.
Martinez, GA 30907
Single Tenant
Office/Retail Building
Available For Sale
324 S. Belair Rd.
Martinez, GA 30907
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Offering Summary Property Overview
Investment Summary
Property Information
Property Location
Parcel Map/ Tax Assessment
Photographs
Aerial Site Plan
Retail Amenity Aerial
10 11
Financial Overview Market Overview
Current Lease Availability Demographics
Columbia County, GA
Target Industries
Table of Contents
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We obtained the information in this offering package from sources we believe to be reliable.
However, we have not verified its accuracy and make no guarantee, warranty or representation
about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or
other conditions, prior sale, lease or financing, or withdrawal without notice. We include
projections, opinions, assumptions or estimates for example only, and they may not represent
current or future performance of the property. You and your tax and legal advisors should
conduct your own investigation of the property and transaction.
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Interest Offered: 100% Fee Simple
Offering Price: $225,000.00
Offer Submission
Procedure:
Seller and Agent will assess the qualification of any party submitting
a non-binding letter of intent in accordance with Seller’s objectives.
In making this assessment, Seller will consider a number of factors
including, but not limited to, price, time frame of closing, and
perceived ability of the party to complete the transaction.
Bid Deadline:
All submissions must be faxed, emailed or hard copy delivered.
Offer should be submitted in the form of a non-binding letter of
intent and should specify the following:
Offering Price
Due Diligence Period
Closing
Earnest Money Deposit
Contingencies (if any)
References
Documentation of previously completed transactions
Sources of funds
Any other information having a direct bearing on investor’s ability
to close the proposed transaction
Newmark Knight Frank’s Southeast Retail
Investment team in Atlanta, as exclusive
agent, is pleased to offer the opportunity to
acquire 324 S. Belair Road – a vacant one
story single-tenant retail/office property in
Martinez, GA, a northwestern suburb of
Augusta. Currently utilized as a retail/office
building for Pentagon Federal Credit Union,
the property is owner occupied and will be
sold vacant and features a total rentable area
of 1,440 SF. 324 S. Belair Road offers both
users and investors the unique opportunity to
acquire a sizeable retail/office property near
Martinez’s local attractions and retail
amenities that would prove attractive to
buyers and prospective tenants.
Eva Horton
Managing Director
T 770.552.2404
Broker Contact Information
Bart Drummond
Executive Managing Director
T 202.312.5469
Offering Summary
Investment Summary
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General Information
Offering Summary
Property Information
PROPERTY ADDRESS: 324 S. Belair Rd. Martinez, GA 30907
COUNTY: Columbia County
PARCEL ID: 074 049C
SUBMARKET: Evans/Martinez Submarket
PROPERTY TYPE: Single-tenant retail/office building
CURRENT TENANT: Pentagon Federal Credit Union (PenFed)
BUILDING SIZE: 1,440 sf
LOT SIZE: 1.62 ac
NO. OF STORIES: 1 story
PARKING: Fenced rear parking lot; Approximately 20 spaces
YEAR BUILT: 1985
CONSTRUCTION: Wood frame
INGRESS / EGRESS: One (1) point of access via S Belair Rd.
OCCUPANCY:Currently 100%; PenFed will vacate the space
upon the sale of the building
ZONING: C-1; NBRHD
2016 TAXES: $4,398 ($2.49/SF)
Property Features
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Offering Summary
Property Location
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Property Overview
Parcel Map and Tax Assessment
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Property Overview
Photographs
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Property Overview
Aerial Site Plan
Subject
Property
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Property Overview
Subject Property
Augusta West Plaza
Augusta Mall
Richmond
Plaza
Village Plaza
Augusta
Square
Retail Amenity Aerial
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Financial Overview
Local Area – Current Lease Availability as of August 2017
COMP #1 COMP #2 COMP #3 COMP #4 COMP #5 COMP #6
PROPERTY ADDRESS:
460 N Belair RoadEvans, GA 30809
3946 Washington RoadAugusta, GA 30907
1209 Roy RoadAugusta, GA 30909
4240 Washington RoadEvans, GA 30809
1209 Augusta West ParkwayAugusta, GA 30909
4485 Columbia RoadAugusta, GA 30907
SIZE (SF): 3,456 SF 6,400 SF 2,050 SF 3,000 SF 2,050 SF 6,234 SF
YEAR BUILT: 1969 1989 2011 1971 1982 1950
AVAILABLE:1,925 SF
Office/Medical6,400 SF Retail
2,050 SF Office
3,000 SF Office/Residential
2,050 SF Office
6,234 SF Office/Medical
RATE(ASKING):
$16.02/SF/YR (NNN)
$15.25/SF/YR(NNN)
$14.05/SF/YR (Modified Gross)
$12.00/SF/YR (Modified Gross)
$8.49/SF/YR (Modified Gross)
2nd Floor (2,390 SF): $6.00/SF/YR
(Modified Gross)
PARKING:2.89/1,000 SF;
10 free Surface Spaces4.06/1,000 SF;
46 free Surface Spaces3.90/1,000 SF;
8 free Surface Spaces4.00/1,000 SF;
12 free Surface Spaces 4.88/1,000 SF 6.42/1,000 SF;
20 free Surface Spaces
ADDITIONAL COMMENTS:
Single tenant medical office building that is located in the
Evans Town District, across from the Evans University Medical Complex. Great visibility. It
contains 3 exam rooms and a sun drenched waiting room.
Impeccably kept. Handicapped accessible with no ramps
required. There is an additional CAM charge.
Single tenant freestanding retail building for sale (asking price: $1,200,000) and lease.
Former tenant was Blockbuster. Currently under
contract.
Single tenant office. The upstairs office space is 1,200 square feet and consists of 4
private offices, reception area, kitchen/breakroom and 2
bathrooms. The downstairs is a recently designed 850
square foot open conference/training room.
The property also includes a large yard area that is fenced
and graveled.
Single tenant office consists of 7 offices, 1 conference room,
1 reception area, 1 copy room, a kitchen, 2 restrooms, an outdoor patio, and several storage areas. Ideal site for
medical tenants or professional business service tenants. Situated behind the
property is University Hospital Professional Center, a movie
theater, Home Depot, Cracker Barrel, and other medical & dental practices, banks, and
restaurants.
Single tenant office building for sale (asking price:
$174,900) and lease. Former dentist office. Zoned P1 per Augusta Richmond County, the property has a curb cut
allowing for ingress and egress to Augusta West Parkway.
Neighboring businesses include Doctor's Hospital,
numerous medicaloffices, McDonalds and Wells Fargo. I-20 and Bobby Jones
Expressway lie inclose proximity to the
property.
Single tenant medical office building for sale ($410,000)
and for lease.
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Market Overview
Demographics
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Market Overview
Columbia County, GA
324 S. Belair Road is located in southwestern Martinez in Columbia County, a northwestern suburb of Augusta. Columbia County is part of the Greater
Augusta Region and offers its residents access to unique economic assets, including Fort Gordon, Cyber Center of Excellence; Savannah River; an expanding
Plant Vogtle, home of the nation’s newest nuclear reactors; a robust and growing medical community; and Georgia’s newest RI research institution, Georgia
Regents University. As the nation’s 35th fastest growing county, incomes are thriving because existing businesses like John Deere, GIW Industries and Janus
Research Group continue to grow. Some of the top employers and small business expansions include a new corporate headquarters for TaxSlayer, Janus
Research Group, and industrial growth from GIW Industries, Bennett Distribution, and Nutritional Resources.
Columbia County’s growth can be attributed to its top rated education system and excellent quality of life. Per capita and median household incomes are some
of the highest not only in the Augusta MSA, but in the entire state of Georgia. Educational attainment rates are some of the highest in the state. Columbia
County naturally offers unique outdoor attractions, as it is located along the Savannah River. Residents and patrons flock to museums, beautiful parks, nature
trails, lakes, historical sites, and pavilions in a beautiful Georgia setting. Lady Antebellum Pavilion, Evans Towne Center Park, Laurel & Hardy Museum,
Wildwood Park, Bartram Trail, Clarks Hill Lake, the historic town of Harlem, and Grovetown History Museum are just a few notable attractions Columbia
County offers. The Augusta Canal National Heritage Area offers the “most spectacular view of the Augusta metro area,” on the 80-foot high bluff of the
Savannah River Rapids Park, a 33 acre recreation park overlooking the Savannah Rapids and the head gates of the historic Augusta Canal. Visitors can kayak
the Augusta Canal, hike or peddle their bikes along the canal trail, and enjoy a picnic by the Reed Creek Falls. Two popular seasonal attractions in Columbia
County are Steed's Dairy Haunted Corn Maze in the fall, and Lights of the South, a Christmas tradition in which guests can take a hay ride or stroll down
through spectacular displays with over five million Christmas lights in Grovetown, GA. Regardless of the season, Columbia County offers a high quality of life
with unlimited opportunity for personal and professional fulfillment.
Columbia County has long been a business and industry hub for manufacturing, education, and county government industries. In addition to John Deere and
GIW Industries, several major manufacturing employers can be found in the county, including Club Car and Augusta Sportswear. Other major employers
include Columbia County Board of Education, Columbia County Government, Wal-Mart (multiple locations), and Augusta Staffing. The area’s established air,
rail and interstate systems offer fast transportation routes for importing or exporting goods and traveling. Southeastern hubs such as Atlanta, Savannah,
Charleston, and Greenville are a 2 hour drive from Columbia County due to immediate access to I-20 and the north-south U.S. 221. Local airports include the
Thomson-McDuffie County Airport, and the Augusta Regional Airport. CSX Rail offers short-line service in several of Columbia County’s prime industrial
locations. Columbia County is also home to the nation’s fastest growing ports, the Port of Savannah and the Port of Charleston. Local businesses leverage
their strategic access to the ports to reach global markets. These easily accessible means of transportation allow patrons to commute to and from Columbia
County with ease, which is another reason that makes Columbia County the ideal place to do business.
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Market Overview
Target Industries
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Market Overview
Population Demographics Average Income
148,677
35%
Total Residents Higher Education Workforce
29,128
Employed
Household Weekly
Wage
$89K $679
Target Industries
Professional
Services
10 Year
Growth12.4%
Entrepreneurial &
Retail Development
10 Year
Growth9.5%
Cyber & Government
Contracting
10 Year
Growth20.5%
Innovative
Manufacturing
10 Year
Growth4.4%
Health
Services
10 Year
Growth24.9%
324 S. Belair Rd.
Martinez, GA 30907
Eva Horton
Managing Director
T 770.552.2404
Bart Drummond
Executive Managing Director
T 202.312.5469
For More Information:
