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231 Riverside Drive
Macon GA 31201 US

$9,000,000

Active
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43,500 sqft
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Built in 2007
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Lot: 2.99 acre
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Other

$9,000,000

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Save

231 Riverside Drive This Class "A" Office is uniquely situated in downtown Macon, Georgia just off the entrance ramp to Interstate 16. Located on the only office property adjacent to the Ocmulgee River, this beautiful, high-end, office building is 100% occupied. The two long term tenants have occupied their spaces since 2007. The leases are full service with annual escalations based on CPI index. The anchor Tenant's lease of 38, 864 RSF expires December 2031 with the secondary Tenant's lease expiring in 2022. Landlord is responsible for building maintenance, utilities and janitorial. TI Real Estate, the current management company is positioned to continue management for new ownership. This building is in pristine condition, with no deferred maintenance. Buyer may assume the mortgage which has a fixed rate of 4.58% for approximately 8 years or pay the hedge premium on the existing loan.

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Property Features

  • Facts
  • Built in: 2007
  • Lot Size: 2.99 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Roof Type: Unknown
Listing Changed: 3/11/2021 9:29:44 AM GMT
Source Updated Date: 9/20/2021 6:30:03 AM GMT

Courtesy of: Stephanie Folsom, Coldwell Banker Commercial Eberhardt & Barry

Listing Source - ListHub

Copyright © 2021 Coldwell Banker. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.