West Augusta Office Bldg

Description

NNN office investment opportunity in West Augusta. This 2-unit office building has two tenants with multi-year leases in place. The first tenant is Allstate Insurance whose lease starts November 1, 2025. Their space has been completely renovated with new flooring and paint. They occupy 1/3 of the building. The 2-year lease is at $16 per sf and is full NNN.

The second tenant is in the second year of their lease with a rate of $15.91 per sf on a NNN basis with tenant paying their prorated portion of operating expenses. Operating Expenses are estimated at $5.40 per sf.

Both leases have 3.00% annual increases in the rental rate making this a stable investment property with good tenants in place with an increasing income stream. Building is in great condition. Included in the operating expenses is a property owners association which maintains the common areas included paving and landscaping for the office complex.

Located just off of Washington Road near Interstate 20 in West Augusta, this office building is located in an office park with multiple large retailers and restaurant chains nearby as well. This property is very centralized in the area with it being just a short drive to Columbia County or to Downtown Augusta.

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