Warehouse - Distribution Center
104 Parsonage Street
McRae-Helena, GA 31055
Description
Property is offered for sale at $19.47 per SF. This 55,500 SF warehouse includes a 3,000 square foot loading zone equipped with 4 dock high doors, and approximately 2-acres of truck parking. The building has a small office space of approximately 438 SF. Property is completely enclosed with a chain link fence with razor wire for extra security. Building is completely sprinkled and power is 3-phase. Seller has completed many upgrades to the building. Clear height is 18 feet in center to beam, and 11 feet on eaves.
A new tenant has been procured and lease executed with a 2 year net industrial lease, expiring 10/31/2026. The Net Operating Income is $115,384.50 which includes a 10% Repair and Maintenance contingency which leaves the CAP rate at 12.96%.
McRae-Helena, GA is situated between Savannah and Macon just 30 miles south of I:16. The site has direct highway access to the interstate with easy in and outflow for 18 wheelers. The property sits 81 miles south of Macon, and 132 miles north of the Port of Savannah. The site is ideal for someone needing distribution space between Savannah and Macon which is in very short supply.
Documents
56K SF warehouse FOR SALE _104_Parsonage_Street56K_SF_Warehouse_For_Lease.pdf
