Fulton Realty Capital guided a private client through the acquisition of a multi-tenant, flex-industrial asset located in Georgia's Augusta-Richmond County metropolitan area. Fulton's commercial real estate team identified the property, secured five-year fixed-rate CMBS financing, and led all negotiations.
There's a varied tenant base across the property's 19 units. Current occupants include a blend of regional and local companies spanning several industries.
The 3-acre infill property is situated just off of a major interstate. Thanks to this prime location and a strong regional demand, the 51,000 rentable SF asset is well-positioned in the marketplace. Priced below replacement cost and 95% occupied at the time of acquisition, the property offers opportunities for long-term revenue growth.
.png)
.png)
