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Spacious Renovated Office Building

2822 Hillcreek Drive, Augusta, GA 30909

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For Sale

$2,800,000

Extensive office space with modern upgrades and convenient location.

Type:Office

Property size:

15,483 SF

Price / SF:

$180/SF

HighLights

Over 15,000 sq ft of usable commercial office space.
Prime location with easy access to I‑20, Bobby Jones Expressway, shopping, dining, and Ft. Eisenhower.
80 parking spaces available.
Recently renovated with new paint and carpet throughout.
New roof completed on July 19, 2024.
Includes 15 individual offices, 8 bathrooms, and 2 conference rooms.

We can help!

Listing Contact

Jennifer Banks

For Sale

$2,800,000

Extensive office space with modern upgrades and convenient location.

Type:Office

Property size:

15,483 SF

Price / SF:

$180/SF

Added:: Jul 28, 2024
Days on Market:: 686
Last Refresh:: May 13 at 8:27 pm

Property Features for 2822 Hillcreek Drive

General Information

Standard status: Active
Size: 15,483 SF
Property subtype: Office

Building Details

Year Built: 1998

We can help!

Listing Contact

Jennifer Banks

Listing agent Jennifer Banks License #351824

Listing office Keller Williams Realty Augusta

Listing date Jul 28, 2024

Source Xome

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 Keller Williams Realty Augusta

HighLights

Over 15,000 sq ft of usable commercial office space.
Prime location with easy access to I‑20, Bobby Jones Expressway, shopping, dining, and Ft. Eisenhower.
80 parking spaces available.
Recently renovated with new paint and carpet throughout.
New roof completed on July 19, 2024.
Includes 15 individual offices, 8 bathrooms, and 2 conference rooms.

Overview

This commercial office space, totaling 15,483 square feet, is located off Wheeler Road and Augusta West Parkway, providing easy access to I-20, Bobby Jones Expressway, shopping, dining, and Fort Eisenhower. The property features 15 individual offices, 8 bathrooms, 2 conference rooms, and several large break areas. There are 80 parking spaces available. The building has been recently renovated with new paint and carpet throughout. A new roof was completed on July 19, 2024. Like new modern furniture and cubicles are included with the sale of the property.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$371.6k	$24.00
− Vacancy	−$55.7k	−$3.60
EGI	$315.9k	$20.40
− OpEx	−$79.0k	−$5.10
NOI	$236.9k	$15.30

15,483 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.38M

$2.96M – $3.95M (±1% cap)

NOI $236,890 @ 7.0% cap · market cap 8.46%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.89M

$4.28M – $5.70M (±1% cap)

NOI $342,094 @ 7.0% cap · market cap 12.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

University Physicians Central ... Medical Group

Suggested Use

Location Insight

Map
Local Demand

City: Augusta
County: Columbia
State: Georgia
Longitude: -82.0917846
Latitude: 33.4794856

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For sale
Office buildings
GA
Augusta
30909
2822 Hillcreek Drive

What type of property is this?

Office building - Extensive office space with modern upgrades and convenient location.

Where is this office building located?

The property is located at 2822 Hillcreek Drive Augusta, GA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Over 15,000 sq ft of usable commercial office space.; Prime location with easy access to I‑20, Bobby Jones Expressway, shopping, dining, and Ft. Eisenhower.; 80 parking spaces available.