1634 Olive Rd

Property Details

Highlights

• Substantially below market rents in high-demand/low-supply market. (Market Rate ~$4/SF).
• Short lease term remaining and high likelihood of being able to negotiate much higher renewal.
• Leased at $3/SF NNN to Clover Environmental Solutions (Corporate Guarantee/Multinational Corp.).
• 92,000 SF industrial property with recent TPO roof and active sprinklers.
• Brand new roof with 20-year warranty.
• Tenant currently renovating the office space at their own cost (Likely to stay long-term).
• Features include 19' clear heights, 25' x 30' column spacing, and 240 3-phase power.
• Equipped with 8 dock doors in total: 6 dock doors on one side and 2 on the other.
• Additional amenities: explosion-proof room, new camera/security system, LED lighting.
• Railroad spur and multiple office spaces for operational efficiency.
• High-demand market with limited warehouse supply in Augusta, GA.

Property Description

The Finem Group at Meybohm Commercial is proud to exclusively present this industrial investment opportunity located at 1634 Olive Road, Augusta, GA. The 92,892 SF facility is fully leased to Clover Environmental Solutions, LLC, a multinational remanufacturer of printers and electronics, under a corporate-guaranteed lease. With less than three years remaining on the current lease, the $3/SF rate is below the market average of approximately $4/SF, offering an attractive value-add opportunity in a market with limited warehouse inventory. Following Clover’s acquisition of America’s Remanufacturing Company (ARC), Clover now occupies the property as a tenant. Clover has chosen this building as its only East Coast facility, consolidating two operations into one location, highlighting its strategic importance. Lease terms were negotiated as part of the business sale, not at arm's length. The tenant has given indication that they intend to remain long-term and are currently renovating the office space at their own cost. The landlord is responsible solely for the roof, structure, and foundation. Key property features include a newly installed TPO roof with a 20-year warranty (expiring in 2043), active sprinkler systems, LED lighting throughout, and 19' clear heights. The office space is being upfitted to enhance its operational capabilities. The facility offers 25' x 30' column spacing, six covered dock doors on one side, and two on the other. A railroad spur further enhances its logistical capabilities. Additional amenities include a new security camera system, an explosion-proof room, multiple office spaces—including a two-story primary office, a warehouse operations office, and a smaller office in the southeast corner—and 240 3-phase power, providing ample support for heavy-duty industrial operations.

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