Three-Property Industrial
1915 West Oakridge Drive, Albany, GA 31707
For Sale
Contact for pricing
Pending
Freestanding sites across the Southeast are occupied by Cummins, Inc.
Property Size43,361 SF
Days on Market110
Property Features for 1915 West Oakridge Drive
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
Northmarq Capital, LLC
Listed By:
Jason Powell · License GA #313490
Source:
Crexi
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 12 at 7:02AM
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 Northmarq Capital, LLC
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Investment Insights
Based on property information with market context.
This offering combines three freestanding industrial properties in a single portfolio transaction. The sites provide a combined footprint of over 8.5 acres and are leased to Cummins, Inc., a company focused on automotive engines and related equipment. The portfolio includes in-place occupancy with a weighted average lease term remaining of ± 45 months.
The properties are positioned in industrial markets across the southeastern United States. Cummins, Inc. operates internationally and has occupied the portfolio locations under the existing lease arrangements. The offering may suit private or institutional buyers seeking a multi-property industrial acquisition with one transaction and an established occupant.
The properties are positioned in industrial markets across the southeastern United States. Cummins, Inc. operates internationally and has occupied the portfolio locations under the existing lease arrangements. The offering may suit private or institutional buyers seeking a multi-property industrial acquisition with one transaction and an established occupant.
Key Highlights
- Three‑property industrial portfolio offered in a single transaction
- Leased to Cummins, Inc., which designs and manufactures automotive engines and related equipment
- Freestanding industrial locations across the southeastern United States
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,825
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,416,500
$3.4M
Cap Rate 7%
$2,440,357
$2.4M
Cap Rate 9%
$1,898,056
$1.9M
Market Conditions
NOI Build-Up for 43,361 SF
Gross rent
$260.2K $6.00/SF
− Vacancy
−$16.1K −$0.37/SF
EGI
$244.0K $5.63/SF
− OpEx
−$73.2K −$1.69/SF
NOI
$170.8K $3.94/SF
Area
Dougherty County, GA
Vacancy
6.20%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,416,500
Cap Rate 7%
$2,440,357
Cap Rate 9%
$1,898,056
Alternative Uses
Best Use
Industrial
$2.44M
$2.14M – $2.85M
NOI $170,825 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.53M
$7.47M – $9.96M
NOI $597,341 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
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Business Placement
Demographics for 31707, GA
24,623
Population
12,652
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
1,338
Density / Sq Mi
$49,179
Median Household Income
$37,878
Median Earnings
$934
Median Rent
$131,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding sites across the Southeast are occupied by Cummins, Inc.
Where is this industrial property located?
The property is located at 1915 West Oakridge Drive Albany, GA.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: Three‑property industrial portfolio offered in a single transaction; Leased to Cummins, Inc., which designs and manufactures automotive engines and related equipment; Freestanding industrial locations across the southeastern United States
