Two-Story Office Building For
1046 Stevens Creek Rd Augusta, GA 30907
1046 Stevens Creek Rd, Augusta, GA, 30907
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For Sale
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15,000 SF office building 100% occupied by national tenant.
Property Size15,066 SF
Price / SF$182.53
Days on Market698
Property Features for 1046 Stevens Creek Rd
General Information
- Standard status
- Active
- Size
- 15,066 SF
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agency
Meybohm Commercial
Listed by
David Hogg · License #GA 365568
Source
Crexi
Added: Aug 23, 2024 Updated: Jul 6 at 8:04AM Checked: Jul 21 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial
Investment Insights
Based on property information with market context.
This is a two-story suburban professional office building with approximately 15,000 square feet of space. The building is 100% occupied by MAG Aerospace, a national tenant operating under a NNN lease. The property is equipped with state-of-the-art technology and security features. Interior features include bathrooms and break rooms on both floors, a raised floor data room, and a large training room on the first floor. The property includes additional expansion land and ample parking with over 90 spaces, complemented by landscaped surroundings. The building is located in the Martinez area of Augusta, Georgia, just off the I-20 Washington Road Exit on Stevens Creek Road. The property is visible from I-20 at the corner of Stevens Creek and Claussen Roads. The property consists of three parcels: part of 012-0-014-01-0, all of 012-0-014-04-0 and 012-0-012-00-0.
Key Highlights
- 100% occupied by NNN national tenant MAG Aerospace, providing stable income
- Located in the thriving Martinez area of Augusta, GA, with high visibility from I‑20
- +/- 15,000 SF two‑story professional office building with ample parking (over 90 spaces)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $361.6k | $24.00 |
| − Vacancy | −$54.2k | −$3.60 |
| EGI | $307.3k | $20.40 |
| − OpEx | −$76.8k | −$5.10 |
| NOI | $230.5k | $15.30 |
15,066 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,510 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.76M
$4.16M – $5.55M
NOI $332,880 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 15,000 SF office building 100% occupied by national tenant.
Where is this office building located?
The property is located at 1046 Stevens Creek Rd Augusta, GA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 100% occupied by NNN national tenant MAG Aerospace, providing stable income; Located in the thriving Martinez area of Augusta, GA, with high visibility from I‑20; +/- 15,000 SF two‑story professional office building with ample parking (over 90 spaces)
