761 Wheaton St Savannah, GA 31401
Five-story, 110,445 SF building on 6.49 acres leased to Georgia.
Building Details
- Year built
- 2004
Source:
Bullrealty
Listing Agent: Michael Bull, CCIM
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Savannah Office Building Leased to State
This is a five-story building with approximately 110,445 square feet of space, situated on approximately 6.49 acres. Developed in 2004, the property is currently leased to the State of Georgia for The Georgia Department of Children and Family Services. The original lease was for 15 years, and in 2019, it was renewed for 20 years, leaving 14 years remaining. The tenant may remain longer due to a property tax exemption structure resulting in below-market rent. The Georgia Division of Family and Children Services (DFCS) provides support services and programs for citizens of Savannah and Chatham County, including ensuring the safety of children, finding foster and adoptive homes, and assisting out-of-work parents. They also administer SNAP, Medicaid, and TNAF assistance programs. The property is located in Savannah, Georgia, a high-growth metro area with a strong economy, tourism, and population expansion.
Location Intelligence
Current Use by Public Records
Chatham County DFCS
County Government Office
Savannah/Chatham CASA
Social Services Organization
Homeless Authority
Homeless Service
Child Abuse & Neglect
Social Services Organization
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.0832148
- Latitude
- 32.0697943
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FAQs
What type of property is this?
Office building - Five-story, 110,445 SF building on 6.49 acres leased to Georgia.
Where is this office building located?
The property is located at 761 Wheaton St Savannah, GA.
What is the asking price?
The asking price for this property is $20,250,000.
What are key features of this property?
This property features: - 14-year lease remaining with the State of Georgia.; - Tenant enjoys below-market rent due to a property tax exemption structure.; - Located in Savannah, a high-growth metro area with strong economic fundamentals.