Listing

Property Description:

Stabilized Multi-Tenant Office Investment | 620 SF Suites | Individually Metered | 8% Cap Rate | Near SGMC & Moody AFB Located just steps from SGMC Health, Azalea Business Center at 411415 Cowart Avenue is a stabilized two-building, 10-suite multi-tenant office property in the heart of Valdosta's strongest professional corridors. Each 620 SF suite features two private offices, large reception/waiting area, break room, storage, and private restroom. Plenty of parking, easy in & out and each unit is individually metered for utilities, allowing tenants to be billed directly and keeping ownership expenses low. The property is anchored by long-term tenants paying $795/month ($15+/SF), and combined with a 30% operating expense ratio gives an 8% proforma cap rate. Current tenants include salons, tax preparers, financial professionals, and service-oriented businesses, creating strong tenant synergy and occupancy stability. Ideal for both investors and owner-users, with the ability to occupy one or more suites while enjoying reliable income from an established tenant base. Major regional demand generatorsincluding SGMC Health, Moody Air Force Base, Valdosta State University, and the area's expanding logistics and retail hubscontinue to drive strong need for small, affordable professional office suites, while limited supply makes this property a rare find. Rent roll and historical financials available to qualified prospects.