Properties

Verizon Wireless, Macon, GA

4790 Riverside Drive
Macon, GA 31210

PROPERTY SOLD

Property: Investment Sales

Square Footage: 4,500

Acreage: 1.341

Price: $2,800,000

Cap Rate: Call

Description:

• Verizon Wireless of the East, LP d/b/a Verizon Wireless (Corporate Guaranty)
• Located at 4790 Riverside Drive approximately 1 hour south of Atlanta near the I-75/475 split
• 4,500 square feet developed in 2008 on 1.34 acres adjacent to a 750,000 square foot lifestyle center
• Verizon Wireless is on a 7-year NN lease with 10% rent bumps after 5 years and each option period
• Buyer was a private institutional investor out of New York City completing a 1031 tax deferred exchange