104 Parsonage St - Distribution FOR SALE


Mc Rae, GA 31055
$890,000 USD
912-509-2108
104 Parsonage St, Mc Rae, GA for Sale
$890,000 USD
Distribution - FOR SALE
1/15
null | Request Cap Rate

104 Parsonage St
Mc Rae, GA 31055


HIGHLIGHTS

  • NOI: $115,384.50
  • 4 dock-high doors
  • 2-acre fenced truck parking
  • Phase-I & Phase-II completed (12/2022)

OVERVIEW

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 made many upgrades to the property. Clear height is 18' in center to beam, and 12' 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%.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

3.74

LAND SF

162,914

ZONING

I3

APN/PARCEL ID

MC3000 016 01A & MC3100 012

ASK ABOUT THIS PROPERTY

Alex HansbargerSherman & Hemstreet Real Estate CompanyMore Info
912-509-2108

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Alex HansbargerSherman & Hemstreet Real Estate CompanyMore Info
912-509-2108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.