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Mixed-Use

The Columbia Professional Center | Medical, Government, & Industrial Center

571 Hammock Rd NW, Milledgeville, GA 31061

Listing Price: $14,000,000

Cap Rate
8.15%
Gross SF
271,433
Rentable SF
271,433
Price/Gross SF
$51.58
Lot Size
17.78 acres
Year Built
1955

Investment Overview

The Columbia Professional Center (CPC) is a key flex asset in Central Georgia, locally known as the Middle Georgia region, supporting the growing local economy with a diverse mix of medical, government, and industrial tenants. With 89% occupancy, CPC generates strong in-place income while offering significant upside potential.

-The CPC is home to a vital medical ecosystem, supporting Central Georgia’s growing economy with diverse medical tenants, including optometry, audiology, oncology, and rehabilitation.

-Northside Hospital, one of Georgia’s largest healthcare providers, recently signed a new 10-year lease and established a $3 Million+ oncology center at the CPC.

-Several of Georgia’s State Agencies (S&P: AAA) have a long-term presence operating at The Columbia Professional Center, providing critical services such as family and child support, rehabilitation, and vocational assistance to Central Georgia residents.

-Over $2.27 Billion in Government Funding Allocated to the State Tenants’ Departments.

-Current ownership under an LOI for renewal and expansion of the agencies currently at the CPC.

-The CPC is anchored by two major industrial tenants, each operating at the facility for over 10 years.

-Baker Distributing, a subsidiary of Watsco (NYSE: WSO), is a leading HVAC equipment distributor & recently executed a new 10-year lease in 2024.

-SpillTech, Inc., recently executed an early lease renewal in 2024 and is a subsidiary of New Pig Corp., the world’s largest manufacturer of absorbent and spill remediation products.

-Potential to increase industrial revenue contribution by leasing the excess land for industrial outdoor storage & raising well-below market rents.

Investment Highlights

  • Critical Asset Serving a Growing Central Georgia Economy | Medical, Government, & Industrial Center
  • Strong, Diversified Tenant Profile | Over 60% of Rental Income Generated from Medical & Government Tenancy
  • Anchored by Two Large Industrial Tenants | SpillTech, Inc. (New Pig Corp. Subsidiary) & Baker Distribution (Watsco, Inc. Subsidiary)
  • New 10-Year Lease with Northside Hospital | Tenant Invested $3 Million+ into Space
  • Long-Term Georgia State Agency Tenants (S&P: AAA) | Under LOI to Nearly Double Space
  • Value-Add Opportunity by Raising Rents to Market & Converting Leases to NNN
  • Excess Land Ideal for Industrial Outdoor Storage or Future Development | Located on Norfolk Southern Rail Line

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Mixed-Use

The Columbia Professional Center | Medical, Government, & Industrial Center

Listing Price: $14,000,000

Cap Rate
8.15%
Gross SF
271,433
Rentable SF
271,433
Price/Gross SF
$51.58
Lot Size
17.78 acres
Year Built
1955

Investment Highlights

  • Critical Asset Serving a Growing Central Georgia Economy | Medical, Government, & Industrial Center
  • Strong, Diversified Tenant Profile | Over 60% of Rental Income Generated from Medical & Government Tenancy
  • Anchored by Two Large Industrial Tenants | SpillTech, Inc. (New Pig Corp. Subsidiary) & Baker Distribution (Watsco, Inc. Subsidiary)
  • New 10-Year Lease with Northside Hospital | Tenant Invested $3 Million+ into Space
  • Long-Term Georgia State Agency Tenants (S&P: AAA) | Under LOI to Nearly Double Space
  • Value-Add Opportunity by Raising Rents to Market & Converting Leases to NNN
  • Excess Land Ideal for Industrial Outdoor Storage or Future Development | Located on Norfolk Southern Rail Line

Investment Overview

The Columbia Professional Center (CPC) is a key flex asset in Central Georgia, locally known as the Middle Georgia region, supporting the growing local economy with a diverse mix of medical, government, and industrial tenants. With 89% occupancy, CPC generates strong in-place income while offering significant upside potential. -The CPC is home to a vital medical ecosystem, supporting Central Georgia’s growing economy with diverse medical tenants, including optometry, audiology, oncology, and rehabilitation. -Northside Hospital, one of Georgia’s largest healthcare providers, recently signed a new 10-year lease and established a $3 Million+ oncology center at the CPC. -Several of Georgia’s State Agencies (S&P: AAA) have a long-term presence operating at The Columbia Professional Center, providing critical services such as family and child support, rehabilitation, and vocational assistance to Central Georgia residents. -Over $2.27 Billion in Government Funding Allocated to the State Tenants’ Departments. -Current ownership under an LOI for renewal and expansion of the agencies currently at the CPC. -The CPC is anchored by two major industrial tenants, each operating at the facility for over 10 years. -Baker Distributing, a subsidiary of Watsco (NYSE: WSO), is a leading HVAC equipment distributor & recently executed a new 10-year lease in 2024. -SpillTech, Inc., recently executed an early lease renewal in 2024 and is a subsidiary of New Pig Corp., the world’s largest manufacturer of absorbent and spill remediation products. -Potential to increase industrial revenue contribution by leasing the excess land for industrial outdoor storage & raising well-below market rents.

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

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