Net-Leased Industrial Distribution
1547 15th St Augusta, GA 30901
New
1547 15th St, Augusta, GA, 30901
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For Sale
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Single-tenant industrial building features dock-high and grade-level loading and 16-to-18-foot clear heights in Augusta, Georgia.
Property Size21,500 SF
Price / SF$88.37
Days on Market2
Property Features for 1547 15th St
General Information
- Standard status
- Active
- Size
- 21,500 SF
- Property subtype
- INDUSTRIAL
Listing Agency
Matthews Real Estate Investment Services
(310) 994-0262
Listed by
Maxx Bauman · License #SL3422263(FL)
(310) 994-0262
Source
Moodyscre
Added: Jul 17 Checked: Jul 18 at 2:20 am
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This offering is a fully occupied, single-tenant net-leased industrial distribution facility leased to Gexpro, a subsidiary of Rexel USA, Inc. The property is structured under an NN+ lease with a term extending through July 31, 2031, with three additional five-year renewal options at fair market rental rates.
The facility totals approximately 21,500 square feet and is designed for distribution and service-oriented operations. Improvements include 16- to 18-foot clear heights, four dock-high loading doors, and one grade-level door. The property is located within Richmond County and identified as M-1 Light Industrial zoning.
Under the lease terms, the tenant is responsible for reimbursing real estate taxes and insurance, while the landlord has no common area maintenance responsibilities.
The facility totals approximately 21,500 square feet and is designed for distribution and service-oriented operations. Improvements include 16- to 18-foot clear heights, four dock-high loading doors, and one grade-level door. The property is located within Richmond County and identified as M-1 Light Industrial zoning.
Under the lease terms, the tenant is responsible for reimbursing real estate taxes and insurance, while the landlord has no common area maintenance responsibilities.
Key Highlights
- Fully occupied, single‑tenant net‑leased industrial facility occupied by Gexpro (Rexel USA, Inc. subsidiary).
- NN+ lease extends through July 31, 2031 with approximately five years remaining; tenant reimburses real estate taxes and insurance.
- Three additional five‑year renewal options at fair market rental rates.
Local Financial Insights For Warehouse
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 | $211.6k | $9.84 |
| − Vacancy | −$18.2k | −$0.85 |
| EGI | $193.4k | $8.99 |
| − OpEx | −$29.0k | −$1.35 |
| NOI | $164.4k | $7.64 |
21,500 SF · lease $9.84/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,361 @ 7.0% cap · market cap 8.65%
Second Best
Industrial
$1.93M
$1.69M – $2.26M
NOI $135,356 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M
NOI $475,038 @ 7.0% cap · market cap 25.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gexpro
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Single-tenant industrial building features dock-high and grade-level loading and 16-to-18-foot clear heights in Augusta, Georgia.
Where is this distribution center located?
The property is located at 1547 15th St Augusta, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Fully occupied, single‑tenant net‑leased industrial facility occupied by Gexpro (Rexel USA, Inc. subsidiary).; NN+ lease extends through July 31, 2031 with approximately five years remaining; tenant reimburses real estate taxes and insurance.; Three additional five‑year renewal options at fair market rental rates.
