CPC – Mission Critical Location

$ 14,000,000
105-111 FIELDSTONE DR & 571-631 HAMMOCK RD NW, Milledgville

Overview

  • Updated On:
  • July 17, 2025

Description

The Columbia Professional Center (CPC) is a key flex asset in Central Georgia, locally known as the Middle Georgia region. It supports the growing local economy with a diverse mix of medical, government, and industrial tenants. With an occupancy rate of 89%, CPC generates strong in-place income while offering significant upside potential.

MEDICAL 11.00% OF OCCUPIED GLA • 27.91% OF TENANT REVENUE
• The CPC is home to a vital medical ecosystem, suppor ting Central Georgia’s
growing economy with diverse medical tenants , including optometr y, audiology,
oncology, and rehabilitation.
• Nor thside Hospital, one of Georgia’s largest healthcare providers , recently signed a
new 10-year lease and established a $3 Million+ oncology center at the CPC.
• Oppor tunity to expand medical tenancies through a strategic, targeted lease-up
approach.

GOVERNMENT 12.98% OF OCCUPIED GLA • 32.28% OF TENANT REVENUE
• Several of Georgia’s State Agencies (S&P: A A A) have a long-term presence operating
at The Columbia Professional Center, providing critical ser vices such as family and
child support, rehabilitation, and vocational assistance to Central Georgia residents.
• Potential to expand government footprint amid a growing return-to -of f ice ef for t.
• Over $2. 27 Billion in Government Funding Allocated to the State Tenants’ Departments.
• Current ownership under an LOI for renewal and expansion of the agencies currently at the CPC.

INDUSTRIAL 67.50% OF OCCUPIED GLA • 30.15% OF TENANT REVENUE
• The CPC is anchored by two major industrial tenants , each operating at the facility for over 10 years.
• Baker Distributing, a subsidiar y of Watsco (NYSE: WSO), is a leading HVAC equipment distributor & recently executed a new 10-year lease in 2024.
• SpillTech, Inc., recently executed an early lease renewal in 2024 and is a subsidiary of New Pig Corp., the world’s largest manufacturer of absorbent and spill
remediation products.
• Potential to increase industrial revenue contribution by leasing the excess land for
industrial outdoor storage & raising well-below market rents.

Address: 105-111 FIELDSTONE DR & 571-631 HAMMOCK RD NW
State/County:
Zip: 31061
Country: United States

Property Id: 20833
Price: $ 14,000,000
Price/SF: $51.58
Cap Rate: 8.15%
Building Size: 271,433 SF
Lot Size: 17.78 AC

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