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Mission Square
3706 Mercer University Dr, Macon, GA 31204
Listing Price: $2,600,000
Investment Overview
Marcus and Millichap is thrilled to present an exceptional opportunity in the heart of Macon, Georgia. Nestled in the charming city, this remarkable property features 27 units, offering a highly lucrative prospect for significant income generation. Spanning two well-designed doors, the building caters to a diverse tenant base, including essential service providers, creating an invaluable and irreplaceable demand. Noteworthy occupants encompass a dental office, hair salons, a barber shop, and a tattoo studio.
What sets this property apart is its strategic location, enhancing its overall allure. Conveniently positioned within a 3-mile radius of a thriving population of 53,004 individuals, the property benefits from the robust economy of Macon-Bibb. The added advantage of being in close proximity to numerous universities positions this property for sustained success
Mission Square
Investment Highlights
- Strong Investment Return Metrics | Immediate Upside and NOI Growth Opportunity 7.42 Percent Cap Rate and 5.65 Percent Cash on Cash (Debt Quote in Financials Section) Year One on Existing Collection
- Vacancy in the Overall Market Sits at 5.2 Percent (Source: Costar), Mission Square Currently has 13 Percent of the GLA Vacant, Offering More Upside Through Leasing of Another Unit
- Five Universities in the Macon MSA Help to Drive a Strong Economy, and act as a Catalyst for Future Economic Growth and Lasting Economic Competitiveness
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,600,000
Investment Highlights
- Strong Investment Return Metrics | Immediate Upside and NOI Growth Opportunity 7.42 Percent Cap Rate and 5.65 Percent Cash on Cash (Debt Quote in Financials Section) Year One on Existing Collection
- Vacancy in the Overall Market Sits at 5.2 Percent (Source: Costar), Mission Square Currently has 13 Percent of the GLA Vacant, Offering More Upside Through Leasing of Another Unit
- Five Universities in the Macon MSA Help to Drive a Strong Economy, and act as a Catalyst for Future Economic Growth and Lasting Economic Competitiveness
Investment Overview
Marcus and Millichap is thrilled to present an exceptional opportunity in the heart of Macon, Georgia. Nestled in the charming city, this remarkable property features 27 units, offering a highly lucrative prospect for significant income generation. Spanning two well-designed doors, the building caters to a diverse tenant base, including essential service providers, creating an invaluable and irreplaceable demand. Noteworthy occupants encompass a dental office, hair salons, a barber shop, and a tattoo studio. What sets this property apart is its strategic location, enhancing its overall allure. Conveniently positioned within a 3-mile radius of a thriving population of 53,004 individuals, the property benefits from the robust economy of Macon-Bibb. The added advantage of being in close proximity to numerous universities positions this property for sustained success
Exclusively Listed By
Broker of Record
Financing By
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