• 231 Riverside Dr, Macon, GA 31201

For Sale

Office

For Sale

This property is available for sale
43,500
SF
$9,000,000
Sale Price
  • Year Built
    2007 (Renovated 2018)
  • Overview

    Downtown Macon, Bibb County, GA - Located in downtown Macon along the Ocmulgee River & Ocmulgee Heritage Trail
    This Class "A" Office is uniquely situated in downtown Macon, Georgia just off the entrance ramp to Interstate 16. Located on the only office property adjacent to the Ocmulgee River, this beautiful, high-end, office building is 100% occupied. The two long term tenants have occupied their spaces since 2007.
    The leases are full service with annual escalations based on CPI index. The anchor Tenant's lease of 38,864 RSF expires December 2031 with the secondary Tenant's lease expiring in 2022. Landlord is responsible for building maintenance, utilities and janitorial. TI Real Estate, the current management company is positioned to continue management for new ownership. This building is in pristine condition, with no deferred maintenance. Buyer may assume the mortgage which has a fixed rate of 4.58% for approximately 8 years or pay the hedge premium on the existing loan.

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Property Details

ICE HOUSE

Downtown Macon, Bibb County, GA - Located in downtown Macon along the Ocmulgee River & Ocmulgee Heritage Trail
This Class "A" Office is uniquely situated in downtown Macon, Georgia just off the entrance ramp to Interstate 16. Located on the only office property adjacent to the Ocmulgee River, this beautiful, high-end, office building is 100% occupied. The two long term tenants have occupied their spaces since 2007.
The leases are full service with annual escalations based on CPI index. The anchor Tenant's lease of 38,864 RSF expires December 2031 with the secondary Tenant's lease expiring in 2022. Landlord is responsible for building maintenance, utilities and janitorial. TI Real Estate, the current management company is positioned to continue management for new ownership. This building is in pristine condition, with no deferred maintenance. Buyer may assume the mortgage which has a fixed rate of 4.58% for approximately 8 years or pay the hedge premium on the existing loan.

  • Property Type
    Office
  • Year Built
    2007Renovated 2018
  • Sale Price
    $9,000,000
  • Total Building Size
    43,500RSF
  • Zoning
    CBD1
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    2096959

Landlord's Sales Representative

  • STEPHANIE FOLSOM
    Coldwell Banker Commercial | Eberhardt & Barry Inc.