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Muscogee Mills- Sale Leaseback 1 Old Mills Way 34,500 SF Industrial Building Columbus, GA 31907 $3,287,304 CAD ($95.28 CAD/SF) 9.20% Cap Rate
Investment Highlights
- Prime Location
- Investment Opportunity
Executive Summary
Prime NNN sale-leaseback investment opportunity in the Corporate Ridge Business Park area of Columbus, Georgia. The property is a 15.5 acre site featuring a 34,500 square foot building with 3 dock doors and 1 ramp. Clear height is 10' for offices and 12' loading dock. 152 parking spaces with plenty of room for expansion. Pad ready space is available. Muscogee Mills will lease back the building for an initial term of 15 years with price escalations throughout the term. Cap rate is 9.2%.
Since 1968, Muscogee Mills (formerly known as Muscogee Textiles, Inc.) has been a leading manufacturer of textile products. Through their domestic cut and sew facility located in Columbus, GA, they manufacture a diverse inventory of products, including beach towels, golf towels, bath towels, robes, bath wraps, custom-made chaise lounge covers, and more. The company is looking to expand their production and employee base.
Since 1968, Muscogee Mills (formerly known as Muscogee Textiles, Inc.) has been a leading manufacturer of textile products. Through their domestic cut and sew facility located in Columbus, GA, they manufacture a diverse inventory of products, including beach towels, golf towels, bath towels, robes, bath wraps, custom-made chaise lounge covers, and more. The company is looking to expand their production and employee base.
Property Facts
| Price | $3,287,304 CAD | Lot Size | 15.50 AC |
| Price Per SF | $95.28 CAD | Rentable Building Area | 34,500 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 9.20% | Year Built | 1991 |
| Sale Condition | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.41/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Zoning | LMI - Industrial | ||
| Price | $3,287,304 CAD |
| Price Per SF | $95.28 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 9.20% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 15.50 AC |
| Rentable Building Area | 34,500 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 4.41/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| Zoning | LMI - Industrial |
Amenities
- 24 Hour Access
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Water
- Sewer
- Heating
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 112-004-006 | Improvements Assessment | $1,022,397 CAD |
| Land Assessment | $220,167 CAD | Total Assessment | $1,242,564 CAD |
Property Taxes
Parcel Number
112-004-006
Land Assessment
$220,167 CAD
Improvements Assessment
$1,022,397 CAD
Total Assessment
$1,242,564 CAD
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Muscogee Mills- Sale Leaseback | 1 Old Mills Way
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