Avison Young, the world’s fastest growing commercial real estate firm, has been selected to facilitate the sale of Enterprise Mill, a ±179,122 square foot mixed-use property sitting on nine acres at 1450 Greene Street in Downtown Augusta, GA. Listed at $15.3 million, the class-A offering consisting of 118,928 square feet of office/retail space and 60 upscale residential lofts – nearly 97 percent of which are leased – represents a value-add opportunity for an investor to acquire a renovated LEED Certified Gold property in a high-barrier to entry market.

Avison Young’s South Florida-based David Duckworth, Vice President, and AJ Belt III, Principal, will spearhead the marketing initiatives and sale of Enterprise Mill. “In addition to a nearly fully occupied residential component, more than 84 percent of Enterprise Mill’s office/retail space is leased,” said Duckworth. “Enterprise Mill offers a unique opportunity for an investor to realize immediate cash flow from a stable tenant roster and capitalize on the upside potential available to a savvy investor.”

On the heels of the completion of several successful sales throughout Florida, Georgia and the Carolinas, Avison Young’s South Florida-based investment sales team extends its market knowledge and extensive network throughout the Southeast with this listing. Similar to the trends Duckworth and Belt have experienced in Atlanta and neighboring metro areas, the Augusta-Richmond market has shown signs of strong recovery demonstrated by occupancy rates that have remained elevated since the economic downturn.

“After previous years of lull in activity, the region is again on the radar of both institutional and private equity investors,” added Belt. “Large mixed-use properties such as Enterprise Mill are of prime interest to institutional investors as underlying economic fundamentals, including decreasing vacancy rates and rising rents, continue to improve.”

Enterprise Mill boasts best in class interior and exterior renovations and features a rooftop solar panel, adaptive reuse of granite building materials and on-site recycling. Further solidifying its value and appeal to environmentally-conscious tenants, the property possesses two hydroelectric turbines powered by the running waters of the Augusta Canal that provide electrical power to the commercial and residential complex with the remaining electricity being sold back to the grid through Georgia Power.

Situated in Downtown Augusta’s historic Riverfront District, Enterprise Mill is surrounded by myriad amenities including the Medical College of Georgia, three major hospitals that comprise Augusta’s medical complex, and upscale boutiques. Casual and fine-dining restaurants and an eclectic mix of attractions are available both on- and off-site. Additionally, the property is in immediate proximity to the region’s most travelled thoroughfares including SR-4, Broad Street and to US-1/Gordon Highway affording its tenants and clientele alike convenient access from anywhere in the Augusta region.

Avison Young’s operations provide best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young and investment sales, please contact Mr. Duckworth at (954) 938-1806 or visit http://www.avisonyoung.com.