Marcus & Millichap is pleased to present Osprey Village, located at 2800 St. Marys Rd, St. Marys, Ga 31548. This opportunity encompasses two multi-tenant, mixed-use retail and of?ce buildings that have +/- 15,680 SF. The parcel is 2.35 acres, and the ?rst building was built in 2007, suites 2800-2812, and has 9,740 SF, and the second was built in 2008 and has 5,942 SF. Fronting St. Marys Rd., 14,600 Vehicles Per Day (VPD), this property is at the foot of the Osprey Cove Neighborhood and Golf Course, home to almost 2,000 residents and spread over 1,000 acres. The buildings host nine tenants, one national, Edward Jones, and eight local tenants, ranging in use from retail to medical and professional of?ces. The buildings are priced below replacement cost for one of this size and quality at approximately $189/SF, and the Base Rent/SF for this center is ~35% below market at $16.23/SF with substantial rent growth potential. Additionally, Common Area Maintenance reimbursements have not been collected, and there is a value-add NNN lease conversion for 85% of the Gross Leasable Area (GLA). These factors create an environment where an 8.38% cap rate is achievable in year 2 of ownership. Within 5 miles of this property, there are 36,534 people, and the Kings Bay Naval Base is 3 miles away. The base’s population is over 15,000, which includes navy personnel, their family members, and civilians. The base serves as the east coast home of the Trident nuclear-powered submarine program, powered by state-of-the-art Atlantic Fleet’s Ballistic and Guided Missile Submarines.