340 Eisenhower Dr - Medical FOR SALE


Savannah, GA 31406- Highland Park
$1,875,000 USD
646-303-9613
340 Eisenhower Dr, Savannah, GA for Sale
$1,875,000 USD
Medical - FOR SALE
1/5
null | 7.25% Cap Rate

340 Eisenhower Dr
Savannah, GA 31406
Highland Park


HIGHLIGHTS

  • PASSIVE LEASES | The net lease structure on the three properties provides for passive income with limited responsibilities.
  • NO EARLY TERMINATION OR KICK-OUT CLAUSE |The three properties have no early termination or kick-out clauses during the initial lease term or option
  • LEADING OPERATOR | Velocity Clinical Research is a global leader in the clinical research industry
  • GROWING INDUSTRY | The global clinical trials market was valued at $83.75 billion in 2024 and is projected to grow to $149.58 billion by 2034
  • ANNUAL RENT GROWTH | The three leases feature annual rent escalations of 2%, ensuring steady rental income growth over the lease term

OVERVIEW

SAB Capital is pleased to present a prime investment opportunity: the fee-simple acquisition of three single-tenant R&D/Lab facilities operated and guaranteed by Velocity Clinical Research. These properties, available individually or as a portfolio, offer stable, long-term cash flow with minimal landlord responsibilities. The offering includes three strategically located facilities: Savannah, GA – 6,880 SF on 0.14 acres Binghamton, NY – 9,984 SF on 1.48 acres Norfolk, NE – 11,008 SF on 2.48 acres Each property is ideally positioned along key regional thoroughfares, ensuring accessibility and high traffic. The Tenant, Velocity Clinical Research, is a global leader in clinical trials, providing innovative solutions for pharmaceutical and biotech companies. With a network of 90+ sites and 220+ investigators across the U.S. and Europe, Velocity is one of the most rapidly growing research organizations in the industry. The company ranked #543 on the 2023 Inc. 5000 list, demonstrating its exceptional growth trajectory. This portfolio represents a rare opportunity to acquire stabilized, net-leased assets in a high-demand industry with strong fundamentals. Investors seeking secure, long-term cash flow with rental growth will find this an exceptional addition to their portfolio.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Velocity Clinical Research

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

PIP

APN/PARCEL ID

2049006019

ASK ABOUT THIS PROPERTY

Asher WenigSAB CapitalMore Info
646-303-9613

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Asher WenigSAB CapitalMore Info
646-303-9613

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