408 12th St
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408 12th St
39,960 SF 100% Leased Office Building Columbus, GA 31901 £3,405,941 (£85/SF) 8.90% Net Initial Yield
Investment Highlights
- Off Street Parking
Executive Summary
Fantastic location in Uptown Columbus! This property is located on the corner of 12th Street and Veteran's Parkway, with high visibility, high traffic counts and ample parking. Walking distance to great restaurants & shops, the federal courthouse, post office and the government center. The building is also home to Morgan & Morgan Law, Strayer University and CWC Solutions, with an additional 5,000sf of unfinished space and a 13,000sf basement.
Conveniently located on the corner of Veteran's Parkway and 12th Street in Uptown Columbus. This property is located 10 minutes from Fort Moore Army Base, 1.5 hours from Hartsville-Jackson Atlanta International Airport, 1.5 hours from Montgomery, AL and 30 minutes from Auburn, AL.
Conveniently located on the corner of Veteran's Parkway and 12th Street in Uptown Columbus. This property is located 10 minutes from Fort Moore Army Base, 1.5 hours from Hartsville-Jackson Atlanta International Airport, 1.5 hours from Montgomery, AL and 30 minutes from Auburn, AL.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£303,825
|
£7.60
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £303,825 |
| Annual Per SF | £7.60 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
39,960 SF
Building Class
B
Year Built/Renovated
1947/2017
Price
£3,405,941
Price Per SF
£85
Net Initial Yield
8.90%
NOI
£302,970
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
13,320 SF
Building FAR
0.83
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
C1 - Neighborhood Commercial
Parking
78 Spaces (1.95 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Controlled Access
- Accent Lighting
- Basement
- Central Heating
- Air Conditioning
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 018-014-010 | Improvements Assessment | £254,593 (2023) |
| Land Assessment | £46,787 (2023) | Total Assessment | £301,380 (2023) |
PROPERTY TAXES
Parcel Number
018-014-010
Land Assessment
£46,787 (2023)
Improvements Assessment
£254,593 (2023)
Total Assessment
£301,380 (2023)
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408 12th St
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