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Mission Square
3706 Mercer University Dr, Macon, GA 31204
Listing Price: $2,499,000
Investment Overview
Marcus & Millichap is pleased to present Mission Square for sale in Macon, Georgia. This Property features 28 units and is currently sitting at 100% occupancy. The property boasts average rents of $12.49/SF (Landlord doesn’t collect reimbursements, approximately 20 tenants call for PRS tax/insurance) where the market average is at $14.89/SF NNN.
Lower-than-average rental rates across the board support long-term NOI growth and can help ensure immediate term tenant success. The property is currently priced at just $99.96 per square foot, and an 9.15% cap rate based on existing collections. The Year 2 NOI, reflecting reimbursement collections from NN tenants and scheduled annual rent escalations, is $275,162 — representing an 11.01% cap rate. Considering these factors, Mission Square presents an excellent investment opportunity for retail investors.
Mission Square
Investment Highlights
- 9.15 Percent Cap Rate and 11.43 Percent Cash on Cash (Debt Quote in Financials Section) Year One on Existing Collections
- 11.01 Percent Cap Rate and 17.62 Percent Cash on Cash Year Two Pro-Forma | Achievable Through Collecting NN Reimbursements From Approximately 20 Tenants (per Leases, Current Landlord not Reconciling
- Eleven Tenants Boast Five Percent Annual Rental Escalations, One Tenant has Three Percent Annual Escalations
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,499,000
Investment Highlights
- 9.15 Percent Cap Rate and 11.43 Percent Cash on Cash (Debt Quote in Financials Section) Year One on Existing Collections
- 11.01 Percent Cap Rate and 17.62 Percent Cash on Cash Year Two Pro-Forma | Achievable Through Collecting NN Reimbursements From Approximately 20 Tenants (per Leases, Current Landlord not Reconciling
- Eleven Tenants Boast Five Percent Annual Rental Escalations, One Tenant has Three Percent Annual Escalations
Investment Overview
Marcus & Millichap is pleased to present Mission Square for sale in Macon, Georgia. This Property features 28 units and is currently sitting at 100% occupancy. The property boasts average rents of $12.49/SF (Landlord doesn’t collect reimbursements, approximately 20 tenants call for PRS tax/insurance) where the market average is at $14.89/SF NNN. Lower-than-average rental rates across the board support long-term NOI growth and can help ensure immediate term tenant success. The property is currently priced at just $99.96 per square foot, and an 9.15% cap rate based on existing collections. The Year 2 NOI, reflecting reimbursement collections from NN tenants and scheduled annual rent escalations, is $275,162 — representing an 11.01% cap rate. Considering these factors, Mission Square presents an excellent investment opportunity for retail investors.
Exclusively Listed By
Broker of Record
Financing By
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