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1547 15th Street, Augusta, GA, 30901

Gexpro

$1,900,000

Key Information

Cap Rate
6.73%
$ per SF
$88
Tot. SF
21,500
Lot Size
1.19 Acres
Year Built
1957 / 2021 (R)
Term Remaining
± 5 Years
Type
Industrial
Occupancy
100%
NOI
$127,920

Highlights

• Institutional-Quality Credit-Tenanted Industrial Asset – The offering presents the opportunity to acquire a fully occupied, single-tenant net-leased industrial asset occupied by Gexpro, a subsidiary of Rexel USA, Inc. Rexel is one of the world’s leading electrical distribution companies, providing investors with the strength of an established corporate tenant and a long-standing presence in the industrial distribution sector. Gexpro’s continued occupancy reinforces the property’s role as a critical distribution facility within the Augusta market while providing dependable, long-term cash flow.
• Long-Term Net-Leased Income with Limited Landlord Responsibilities – The property is leased to Gexpro under a NN+ lease extending through July 31, 2031, offering approximately five years of remaining lease term. The tenant is responsible for reimbursing real estate taxes and insurance, while the landlord has no common area maintenance responsibilities, creating a predictable and low-management investment. Three additional five-year renewal options at fair market rental rates provide flexibility for continued occupancy and support long-term income stability.
• Functional Distribution Facility with Efficient Industrial Design – The approximately 21,500-square-foot facility is well suited for warehouse, distribution, and service-oriented operations. Designed to support efficient logistics and daily operations, the building features 16- to 18-foot clear heights, four dock-high loading doors, one grade-level door, and M-1 Light Industrial zoning within Richmond County. Its functional layout and industrial specifications appeal to a broad range of users while supporting the tenant’s ongoing operational needs.
• Strategically Located Within Augusta’s Industrial Corridor – Situated in Augusta, Georgia, the property benefits from excellent regional connectivity with immediate access to Gordon Highway and Interstate 520, providing convenient links throughout the Augusta metropolitan area and to major transportation corridors across the Southeast. The location supports efficient distribution and last-mile service capabilities, making it an ideal operating location for Gexpro while enhancing the property’s long-term industrial appeal.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305