3812 CUSSETA ROAD COLUMBUS, GEORGIA 31901 MULTI-TENANT INVESTMENT OPPORTUNITY - LoopNet.com
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3812 CUSSETA ROAD
COLUMBUS, GEORGIA 31901
MULTI-TENANT INVESTMENT OPPORTUNITY
INVESTMENT CONTACTS
PRIMARY CONTACT
JACK HAYES, CCIM
O: 706.660.5418
M: 706.580.0614
jhayes@g2cre.com
ADDITIONAL CONTACT
DAVID C. JOHNSON
O: 706.660.5418
M: 706.577.2398
djohnson@g2cre.com
OFFERING SUMMARY
3812 Cusseta Road
Address:
NAI G2 Commercial Real Estate, LLC, as exclusive advisors, are pleased to offer Columbus, GA 31901
for sale 3812 Cusseta Road (the ‘Offering’, ‘Property’, or ‘Building’) a 70,488
Total: 70,488 SF
square foot (SF) warehouse and distribution facility located on +/-9.14 acres in ▪ Building A: 41,919 SF
Columbus, GA. The Property is 100% occupied by two users with a high Total Size:
▪ Building B: 14,086 SF
likelihood of long term tenancy: Carvana and Ankerpak. ▪ Other: 14,483 SF
Located in Columbus, Georgia, the second largest city in the State of Georgia, Site: +/-9.14 Acres
supporting a diverse economy and top-rated schools. Columbus provides 1990, 2001, and
+125,000 regional jobs as the thriving economic focal point and financial, Year Built:
renovated in 2018
technology, and insurance magnet of the Chattahoochee Valley Region. Major
employers include KIA Motors Manufacturing Georgia, Synovus, TSYS, Aflac, Clear Height: 24’
Pratt & Whitney, BlueCross & BlueShield of Georgia, Johnson Controls,
MeadWestvaco, and Piedmont Columbus Regional. Occupancy: 100%
Remaining Lease
Columbus’ excellent roadway connectivity lends itself to major facilities. Well 34-Months
Term:
connected by four-lane highway access to the region’s major thoroughfares –
Interstates I-185, US-80, US-27, US-28, and US 431. NOI (Year 1): $225,000.00
Dock High: 9
The Property uniquely offers investors both current stability and future upside. Loading:
Drive-In: 5
The assets strong in-place cash flow provides near-term surety and is
supported by owner occupying, Columbus, GA based Ankerpak, a 3rd Party
Logistic provider for several Fortune 500 companies including Pratt & Whitney,
and co-tenant: Carvana Co., a Tempe, Arizona based technology business
Lease
focusing on online-only used car sales. Tenant SF
Expiration
Unlocking further value will be realized upon the completion of the new I-185 Ankerpak 41,919 01/31/2022
Interchange at Old Cusseta Road, which is less than 1-mile from the building’s
location. Carvana 14,086 01/31/2022
TENANT PROFILE ANKERPAK Building “A” 41,919 SF & 14,483 of Other Structures (80% of GLA) Ankerpak utilizes the building to provide third-party logistic service for one of it’s Fortune 500 clients, Pratt & Whitney. Pratt & Whitney, a United Technologies Company (NYSE:UTX), is a world leader in the design, manufacture, and service of aircraft engines and auxiliary power units. Pratt & Whitney's facility in Columbus was named Large Manufacturer of the Year by the Georgia Department of Economic Development and the Technical College System of Georgia, celebrating the investment and growth in jobs and production by Pratt & Whitney over the last several years. The Columbus facility employs nearly 2,000 workers and includes the Columbus Engine Center, responsible for engine overhauls, and Columbus Forge, which provides forged jet engine parts and is home to the company's new global Forging Center of Excellence. Ankerpak is a diversified packing and manufacturing company headquartered in Columbus, GA. Owner John Anker founded the company in 2003. Since then, Ankerpak has grown to more than 70 employees with three facilities totaling about 230,000 square feet. Items made by Ankerpak include Sharpies, textile components, corrugated boxes and commercial refrigeration compressors. John is currently serving as Vice Chairman of the Georgia Association of Manufacturers and the Manufacturers Education Foundation. ▪ Georgia Economic & Development - https://www.selectgeorgia.com/news- and-updates/ankerpak/ ▪ MaketPlace - https://www.marketplace.org/2018/05/31/business/guy-will- make-anything-long-he-can-make-it-america
TENANT PROFILE CARVANA Building “A” 14,860 SF (20% of GLA) Carvana utilizes the facility to process vehicles that have been sold and distributed to consumers within a 4-hour drivetime radius of Columbus, GA MSA. The Columbus processing facility is a critical warehouse and distribution point for the Carvana supply chain. Carvana is an online used car dealer that sells, finances, and buys back used cars through their website and is headquartered in Tempe, Arizona. The company delivers cars to customers, or customers can also pick up their purchased vehicle from one of the company's car vending machines. Carvana was founded in 2012 as a subsidiary of DriveTime Automotive Group and was spun out of Drivetime in 2014. Ernest Garcia II was chairman of DriveTime at the time and controlled most of the shares; Raymond Fidel was DriveTime’s CEO at the time, but has since been replaced by Don Reese. Garcia's son, Ernest Garcia III, is CEO of Carvana, and, as of June 2017, the elder Garcia was Carvana's largest shareholder. Carvana relies on DriveTime for much of its infrastructure. Carvana ranked 5th on the Forbes list of America's Most Promising Companies in 2015. In April 2017, Carvana went public with an initial public offering. Carvana currently trades on the NYSE under the symbol ”CVNA”. There’s a high probability of renewal and expansion - two remaining three- year renewal options.
PROPERTY PROFILE
Metro Market : Columbus, Georgia
Address: 3812 Cusseta Road
Tax Parcel ID#: 069 029 001
Taxing Authority: Muscogee County
Zoning: LMI (Light Manufacturing Industrial)
Lot Size: +/-9.14 acres
Buildings & Structures (SF) 70,488 SF
- Building “A” – [Ankerpak] 41,919 SF - (2,092 SF of office)
- Building “B” – [Carvana] 14,086 SF - (2,300 SF of office)
- Accessory Structures – [Ankerpak] 14,483 SF - (2) 6,000 SF metal canopies & a 2,483 SF metal shed
Number of Tenants: Two (2)
Vacancy Rate: 0.00% - (100% Leased)
Year Built: 1990, 2001, and renovated in 2018
Construction Type: Metal & Wood Frame with Masonry & HardyPlank
Roof Type & Age: Metal Seam Roof, original roof
Clear Height: 24’
Fire Suppression: 100% Wet System
Lighting Metal Halide and Sky Lights
A total of (9) drive-in doors and (5) dock high
Dock High & Drive-In Doors: -Building “A”: (2) drive-in doors and (4) dock high well.
-Building “B”: (7) drive-in doors and (1) dock high doors.
LOCATION AERIAL
Proposed
Providence Solutions & Staffing
Workforce Training Facility
New
Roundabout
New Spencer High School
LOCATION MAP
AUBURN /OPELIKA
COLUMBUS
MONTGOMERY
OFFERING PROCESS & LIMITING CONDITIONS
The Property is being offered for sale to principals only, on an “as-is” all cash basis, subject to the Limiting Conditions described
in this Offering Memorandum and the Confidentiality Agreement.
Prospective purchasers should recognize the following:
▪ Asking Price: To be determined by market
▪ Property Tours: Property tours will be available to prospective purchasers at specified times throughout the marketing
process, and will only be available with a NAI G2 Commercial member or Owner representative present. Unannounced
and/or unescorted tours will not be permitted, and potential investors shall not be allowed to contact the tenants of the
Property, whether directly or indirectly.
▪ To arrange a property tour, please contact one of the following individuals:
PRIMARY CONTACT SECONDARY CONTACT
Jack Hayes, CCIM David C. Johnson
(o) 706.660.5418 (c) 706.660.5418
(c) 706.580.0614 (c) 706.577.2398
jhayes@g2cre.com djohnson@g2cre.comOFFERING PROCESS & LIMITING CONDITIONS
▪ Initial Bids: During the marketing process, NAI G2 Commercial will deliver instructions to prospective purchasers at the
appropriate time identifying the initial bid date and outlining information to be incorporated into purchase offers, which may
include the following:
• Purchase price, earnest money deposit, due diligence contingencies and closing date
• Experience acquiring similar properties
• Details regarding capital sources (both debt and equity)
• Investment approval process
▪ Due Diligence Materials: With Seller’s approval, NAI G2 Commercial will make available to prospective purchasers relevant
due diligence materials as applicable and available.
This document has been prepared by NAI G2 Commercial for advertising and general information only. NAI G2 Commercial
makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but
not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to
the accuracy of the information. NAI G2 Commercial excludes unequivocally all inferred or implied terms, conditions and
warranties arising out of this document and excludes all liability for loss and damages arising there from.You can also read
