The Palomar Group is pleased to announce the sale of Professional Village, a 33,325-square-foot office property located at 119 Davis Road in Augusta, GA. The property, built in 1976 and 95% occupied at the time of sale, traded for $3,300,000 on August 11, 2025. The buyer was a 1031 exchange investor, while the seller was a family trust.

This transaction illustrates how the right connections and timing can create value for all parties involved. The story began when the property manager reached out on behalf of the owners, who had recently inherited the asset, seeking guidance on valuation and next steps. Palomar provided a clear picture of market value and strategy. At the same time, a 1031 buyer in the firm’s network was looking for a suitable property. By bringing the two together, Palomar facilitated an off-market deal that delivered a clean exit for the sellers and a strong upside opportunity for the buyer.

“We love putting these types of deals together. The sellers walked away with more than they expected, and our buyer was able to place 1031 exchange funds into a property they can renovate and grow,” said Lee Malchow, Vice President at The Palomar Group.

The new owner plans to invest in renovations and upgrades, positioning the property for long-term success.