River Mill Warehouse and Storage
402,900 SF | 100% Leased | Industrial Building | Columbus, GA 31904 | $12,200,000 ($30/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $12,200,000
- Property Type
-
Industrial
- Price / Square Foot
- $30
Listing Contacts
David Johnson
Verified Profile
Jack Hayes
Verified Profile
- Property Info
Property Overview
River Mill warehousing and storage facility available for purchase. +/-402,900 SF of total warehouse space on a +/-16.1 acre site. Warehouse, boat/RV/auto storage, and self-storage businesses generate over $750,000/year in net lease income. Current rents are under market and have significant upside potential. Rent roll and financials available upon request.
River Mill Warehouse generates over $750,000/year net lease income and the business includes 3 components:
(1) River Mill Warehouses. +/-253,400 SF in 9 units from 14,200 SF to 52,180 SF;
(2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of indoor storage plus secure outdoor storage, and;
(3) River Mill Self Storage. +/-83,400 SF of climate-controlled storage with 65 units from 100 SF to 2,700 SF.
Major tenants include River Mill Boat, RV and Self Storage, River Mill Data Management, Panasonic, La-Z-Boy, and Lowe Electric Supply. The buildings are fully sprinklered, ceiling heights vary from 14' to 18', and most spaces include new LED lighting. River Mill warehouses are served by a total of 20 docks and 5 drive-in doors. The property is fenced and gated with on-site parking for approximately 20 trucks and 46 autos.
MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and commercial uses.
River Mill Warehouse generates over $750,000/year net lease income and the business includes 3 components:
(1) River Mill Warehouses. +/-253,400 SF in 9 units from 14,200 SF to 52,180 SF;
(2) River Mill Boat, Auto & RV Storage. +/-66,100 SF of indoor storage plus secure outdoor storage, and;
(3) River Mill Self Storage. +/-83,400 SF of climate-controlled storage with 65 units from 100 SF to 2,700 SF.
Major tenants include River Mill Boat, RV and Self Storage, River Mill Data Management, Panasonic, La-Z-Boy, and Lowe Electric Supply. The buildings are fully sprinklered, ceiling heights vary from 14' to 18', and most spaces include new LED lighting. River Mill warehouses are served by a total of 20 docks and 5 drive-in doors. The property is fenced and gated with on-site parking for approximately 20 trucks and 46 autos.
MROD Mill Restoration Overlay District zoning provides for a broad range of warehouse and commercial uses.
Property Details
- Class
- B
- Year Built
- 1920
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 701,316 SF
Highlights
- +/-402,900 SF warehouse space on 16.1 acre site
- Operating business nets over $750k/year in rental income, significant upside potential
- Immediate access to J.R. Allen Parkway, Manchester Expressway, and I-185
- 1 block off 2nd Avenue, convenient to downtown Columbus and Phenix City
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