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Commercial Real Estate in Macon, GALarry E. Crumbley, CCIM, CPM, SIOR, CRE |
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Investment Property Market ReportChoose from one of these market reports:
Retail Market UPDATED for 2008
Industrial Market UPDATED for 2008
Office Market UPDATED for 2008
Investment Market
Multi-Family Market
Investment Market 2006Prepared by:
![]() Larry Drinkard Office: (478) 746-9421 Mobile: (478) 731-3248 ![]() Larry Crumbley, CCIM, SIOR, CRE, CPM Office: (478) 746-9421 Mobile: (478) 737-3381 Demand for investment real estate continued to increase during 2005. Capitalization rates (income less operating expenses and reserves, divided by purchase price) for institutional grade property in the local market remain stable through the 4th quarter of 2005 at 7% to 9%. However, there were some exceptions that fell considerably below the 7% rate. The emergence of the out-of-state investors into the local market has started to impact the selling prices of smaller deals. The retail sector remains the strongest investment category, especially those with credit-worthy triple net, long-term leases in place. Investors focusing on the net-lease segment often place too much emphasis on the income stream without consideration for the actual asset. Additionally, triple net leased properties are often built for a specific use which may require considerable costs to convert to other uses should the property become vacant. Short term interest rates experienced a steady increase through 2005 as the Federal Reserve continued to raise the Fed Funds rate. However, this has not affected the investors' appetite for quality real estate. The first quarter of 2006 is expected to remain stable. However, particular attention needs to be paid to the economy, since energy prices may possibly erode consumer confidence and eventually create investor caution. |
July 5, 2008 Featured Listings Featured Listing
Macon, GA
Price: $5.75 (lease) PSF Triple Net
$330,000 (sale) Size: 5500 SF Type: Industrial - Warehouse, Flex
Office/Warehouse with 2700 sf office, one dock door, and 2 ground level doors. Located off Thomaston Rd near I-475 Exit. Contact Larry Crumbley or Donnie Laurens 478-746-9421
Featured Listing
Gray, GA
Price: $4.55 (lease) PSF Triple Net
Size: 30852 SF Type: Retail
30,000 sf anchor space in strip center. Ideal for grocery or other retail uses. Nearby businesses include Family Dollar, Rite Aid, Zaxby's, Huddle House and Popeye's. Pharmacies excluded. Owner will divide. Contact Larry Crumbley or Paul Nelson.
Featured Listing
MAcon, GA
Price: $1,500.00 (lease) MONTH Modified Gross
$130,000 (sale) Size: 2000 SF Type: Office
Free standing building that can easily be divided. Existing office wil need changes. Excellent re-development oppertunity.
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