| PRICE : | $4,550,000 |
|---|---|
| CAP RATE: | 7.2% |
| PROPERTY TYPE: | Office |
| SITE SIZE: | 2.33 Acres |
| BUILDING SIZE: | 25,829 SF |
| YEAR BUILT: | 1999 |
Description
Opportunity to acquire a single tenant facility leased to the state of Georgia Department of Human Services. The agency has been located in the ± 25,829 SF single-story office on ± 2.3 acres since 2011. The lease is a typical state of Georgia lease with one-year options renewed each year.
DHS is one of the largest agencies in Georgia’s state government, with an annual budget of $1.89 billion in fiscal year 2021 and 8,912 employees. The Division of Child Support Services is crucial to the population in the surrounding counties enhancing the well-being of children. Services include locating non-custodial parents, establishing paternity, establishing and enforcing support orders when appropriate, collecting and distributing child support payments and referring parents to other social service programs.
The property is well located in Macon, Georgia within a ½ mile of Interstate 75. Macon is experiencing strong population growth with job growth projected at 35% over the next ten years.
