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1501 13th Ave
Columbus, GA 31901

$1,601,164 USD

Office For Sale  •  11,835 SF

Property Details

  • Property Type Office
  • Total Building Size 11,835 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 8.50 %
  • Tenancy Single
0 Transit Score
45 Walk Score

Highlights

Long-Term Lease Extension: The tenant recently extended their lease for an additional five years, bringing the remaining term to eight years
Attractive Annual Rent Increases: The lease includes a 3% annual rent escalation, enhancing investment returns
Established Tenant: iHeartRadio has successfully operated at this location for over 15 years
Competitive Pricing: The property is priced significantly below replacement cost at $135 PSF
Below Market Rent: Current rent is $14.19 PSF, well below the market rate of $20 PSF
Strategic Market: Columbus is the third-largest city in Georgia and a vital economic hub, home to Ft. Moore, America’s 3rd largest Military base in US
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
iHeartMedia 10/1/2031

Public Transportation

AirportDriveWalkDistance
Columbus 11 min - 6.4 mi
Eric Vu 949-667-1077 Anchor Point Capital, Inc
Eric Vu 949-667-1077 Anchor Point Capital, Inc