Embed Size (px)
Citation preview
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
OFFERING SUMMARY
Sale Price: $165,000
Cap Rate: 9.02%
NOI: $14,885
Lot Size: 0.92 Acres
Year Built: 1986
Building Size: 5,000
Zoning: Industrial
Price / SF: $33.00
Building is lease to a tenant for 2 years starting March 1 2020. Leased at $4.50 per SF with a bump year 2. 5,000 SFwarehouse with 15 foot ceilings. Cross Bay drive in roll up doors. Building is in good condition and has a small office withthe warehouse. Fenced Lay down yard with building just under 1 acre. Small mezzanine area is not included in SF.
PROPERTY OVERVIEW
Located in industrial district on Mike Padgett just past Tobacco Road. Very close proximity to Bush Field airport and theAugusta Corporate Park. Easy highway access to Interstate 520 and highway 1 and 25.
LOCATION OVERVIEW
3757 Mike Padgett Highway, Augusta, GA 30906WarehouseEXECUTIVE SUMMARY
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
INCOME SUMMARY PER SF
Gross Income $22,500 $4.50
EXPENSE SUMMARY PER SF
Property Taxes $2,815 $0.56Insurance $2,000 $0.40Management Fee (8%) $1,800 $0.36Misc $1,000 $0.20
Gross Expenses $7,615 $1.52
Net Operating Income $14,885 $2.98
3757 Mike Padgett Highway, Augusta, GA 30906WarehouseINCOME & EXPENSES
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
3757 Mike Padgett Highway, Augusta, GA 30906WarehouseADDITIONAL PHOTOS
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
3757 Mike Padgett Highway, Augusta, GA 30906WarehouseLOCATION MAPS
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
624 Ellis St.Augusta, GA 30901T 706.288.1077C [email protected]
PROFESSIONAL BACKGROUND
Joe Edge has been a licensed real estate broker for fourteen years. After four years of serving in the Marine Corps, Joestarted his career in real estate. He acquired the 90-year-old firm Sherman & Hemstreet, Augusta, GA's largest commercialreal estate firm in 2006. Currently, S&H is the largest CRE firm in the Augusta, GA region and provides commercial real estateservices for all of the southeastern United States. In addition to the Augusta, GA region, Joe is licensed and personallyhandles all transactions in Georgia, Florida, Alabama, South Carolina, North Carolina, and Virginia.
Joe has also grown S&H into one of the nation's leading property management firms. Currently managing over 6,500 unitsconsisting of apartments, single family rentals, and manufacturing housing communities. S&H also acts as an asset managerfor over ten million square feet of office, industrial and retail space.
Currently, Joe holds both the CCIM and SIOR designations and is a CPM (Certified Property Manager) candidate. The CCIM isthe highest designation an investment sales broker can obtain. The SIOR designation is the most prestigious designation anyoffice or industrial broker can receive requiring a very high commission threshold. Several S&H agents hold thesedesignations. To learn more about these designations go to www.ccim.com or www.sior.com.
MEMBERSHIPS & AFFILIATIONS
Certified Commercial Investment Member (CCIM)Society of Industrial and Office Realtors (SIOR)
JOE EDGE, SIOR, CCIMPresident & Broker
3757 Mike Padgett Highway, Augusta, GA 30906WarehouseADVISOR BIO & CONTACT 1
