2601 Cross Country Dr - Office FOR SALE


Columbus, GA 31906- Midtown Columbus
$1,250,000 USD
706-289-5886
2601 Cross Country Dr, Columbus, GA for Sale
$1,250,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

2601 Cross Country Dr
Columbus, GA 31906
Midtown Columbus


HIGHLIGHTS

  • Excellent Investment- 10% Yr 1 Cap Rate on Purchase Price plus 2% annual rent increases
  • Fully Leased Investment Opportunity- Sale Leaseback w/ New NN 5-year lease to be signed at closing
  • Central location in Georgia's 2nd largest city- Midtown area- I-185 @ Macon rd-Starbucks, TJMaxx, Publix, Panera, restaurants and retail nearby
  • Columbus Ga-Pop 208,000 City; 300,000 MSA ; Home to 3 fortune 500 companies- AFLAC, Synovus and TSYS/Global Payments
  • Other major employers include Ft. Moore military base, Pratt & Whitney, St. Francis/Emory Hospital, Piedmont Hospital, Anthem (Blue Cross Blue Shield)
  • Columbus Ga boasts the "WORLDS LONGEST URBAN WHITEWATER IN THE WORLD"; a 16-mile Riverwalk along the Chattahoochee River, 35+ miles of trails

OVERVIEW

Price Improvement $50k less now! $1,250,000- NOI $127,140 year 1! This sale-leaseback offers over 10% cap going in with 2% increases annually. A new 5-year deal with (2) 5 year options- all lease terms include 2% annual increase per year- Year 1 lease is $12 a sq ft. with Tenant responsible for all maintenance, repairs, taxes, insurance. Building was renovated in 2021. Central location in Midtown Columbus GA (Georgia's 2nd largest city) adjacent to Interstate I-185 at US80. Great Investment on a solid building with solid tenant! ABOUT COLUMBUS, GEORGIA: Georgia’s second largest city 206,000; MSA Population 307,199; Region 500,000+ Columbus MSA labor force 123,337 and the Median Household Income $57,086 (2024) Major Employers include Fort Moore- 3rd largest Military Base- 45,000 Global Payments- Financial Services-5,500 Aflac- Insurance- 3,800 Piedmont Hospital- 3,000 Pratt & Whitney- Aerospace Manufacturing- 2,250 Synovus- Financial Services- 1,385 Columbus recently announced a $50 mm stadium renovation and securing of an "AA" Atlanta Braves Baseball team, the Clingstones. Future development here will include multi-family, restaurants and retail. The Columbus Consolidated Government is constructing a new $207mm Judicial Center consisting of 310,000 square feet. They also completed acquisition of approximately 200,000 square feet of office space on Broadway in downtown for government offices. A 130,000 Synovus corporate headquarters office was just completed in downtown, adjacent to the TSYS/Global Payments co-headquarters. Overall, there has been over $1.1 billion in investment in Columbus over the last 10 years. ABOUT THE TENANT: First Credit Services Inc. was established in 1993 and is a Business Processing Outsource (BPO) company that specialized in debt collections, accounts receivable management and customer service outsourcing. They serve a broad group of Fortune 500 companies and was recently recognized as “One of theBest Places to Work in Collections” by inside Accounts Receivable Management(ARM) and have earned an A+ rating from the Better Business Bureau. FCS is a minority owned business that values diversity and inclusivity. They employ over 600 people and has both onshore and offshore call centers.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg E

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

O

APN/PARCEL ID

067-012-007E

ASK ABOUT THIS PROPERTY

Leah BraxtonBraxton Real Estate, LLCMore Info
706-289-5886

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Leah BraxtonBraxton Real Estate, LLCMore Info
706-289-5886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.