414 5th Ave - Medical FOR SALE


Albany, GA 31701
$1,175,000 USD
229-405-2483
414 5th Ave, Albany, GA for Sale
$1,175,000 USD
Medical - FOR SALE
1/14
null | 8.17% Cap Rate

414 5th Ave
Albany, GA 31701


HIGHLIGHTS

  • Prime medical office space next to large regional hospital. Sale-lease back opportunity offering over 8% rate of return.
  • Office was constructed in 1983 and added onto in 2019. Recent updating and partial roof replacement.
  • 14 exam rooms; 3 doctors' offices; 7 bathrooms; main and sub-waiting areas; procedure rooms; break room
  • The property in includes two tax parcels: 414 & 416 Fifth Avenue, Albany, GA

OVERVIEW

This is a sale-leaseback opportunity for a quality medical office adjacent to a 691-bed teaching hospital and regional center for cancer treatment, cardiac medicine/surgery, gastrointestinal disease, and neuro-science. The hospital, Phoebe Putney Memorial, is currently in the process of a $100+ million expansion of the emergency room, NICU and ICU centers. The office building has been updated and was added onto in 2019. The convenience for the doctor's group to be within walking distance of the hospital and the labor/delivery area is second to none. The sellers, a long-time OB-GYN practice, will consider a leaseback for up to three years at $8,000/month NNN. Contact broker for additional details.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

8.17%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Women's Health Professionals

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C-5

APN/PARCEL ID

0000f/00020/016

ASK ABOUT THIS PROPERTY

Mike EverettSouthCore Real EstateMore Info
229-405-2483

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Mike EverettSouthCore Real EstateMore Info
229-405-2483

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