Commons Blvd Office Space

Commons Blvd Office Space

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Listing was updated on: 06/06/2023

2608 Commons Boulevard, Augusta, GA, US

Location
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.

Sale
Excellent investment opportunity in West Augusta. This 2-unit office building has two new tenants with 3-year leases in place. The first tenant is a medical marketing company whose lease started in January 2023. They occupy 1/3 of the building The 3-year lease is at $18 per sf and is modified gross.

The second tenant just signed a new three lease with renewal options at $15 per sf on a NN basis with tenant paying their prorated portion of operating expenses. Operating Expenses are estimated at $3.85 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.