For more information contact: Jim Bryant (912) 353-4101  Sperry Van Ness GASC

Property Description

This property offered for sale consists of a Single Tenant Class A office building 100% leased by the General Services Administration (GSA)/U.S. Customs through 2017. Built in 2006 for the Tenant, the ±16,500 square foot building sits on ±9.21 acres and there are ±2.29 buildable surplus acres with common detention available for development or sale valued at $125,000 per buildable acre. There is abundant parking with a ratio of 4.25 spaces per 1,000 square feet. The property is nestled within the high-growth Southern Oaks Business Centre and surrounded by government and other professional office users.

Located along Chatham Parkway and just off of I-16, Southern Oaks’ central location provides quick access to many areas of Savannah via major area thoroughfares including Chatham Parkway, I-16, I-95, GA Highway 80 and Highway 17. It is only 5 minutes to historic Downtown, 10 minutes to the Savannah/Hilton Head International Airport, and several major employers such as Gulfstream, JCB, the Georgia Ports Authority, Coca Cola, Shearouse Lumber, Roger Wood Foods and Mitsubishi Power Systems are located nearby.

The property is being offered at a 7.5% cap based on an average annual NOI of $199,240.