Fully Leased Mixed-Use
For Sale
$2,995,000
208 Scranton Connector, Brunswick, GA 31525
Completed in 2007, the property brings office and retail space together in one occupied commercial center.
Property Size22,400 SF
Price / SF$133.71
Days on Market15
Property Features for 208 Scranton Connector
General Information
Standard status
Active
Size
22,400 SF
Occupancy
100%
Additional Details
Mixed-Use Components
office, retail
Tenant in Place
Yes
Property Use
Office/Retail
Amenities
No
Public
68824.8
110
1.58
Building Details
Year Built
2007
Listing Agency:
Don Wright & Associates
(904) 478-1195
Listed By:
Valerie Nezelek
Source:
Heymannwilliams
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Don Wright & Associates
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Investment Insights
Based on property information with market context.
This mixed-use center contains 22,400 square feet of office and retail space. The property was built in 2007 and is fully leased, combining both commercial uses within one center.
Key Highlights
- 22,400 SF of office and retail space
- Fully leased
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,584
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,991,680
$4.0M
Cap Rate 7%
$2,851,200
$2.9M
Cap Rate 9%
$2,217,600
$2.2M
Market Conditions
NOI Build-Up for 22,400 SF
Gross rent
$362.9K $16.20/SF
− Vacancy
−$43.5K −$1.94/SF
EGI
$319.3K $14.26/SF
− OpEx
−$119.8K −$5.35/SF
NOI
$199.6K $8.91/SF
Area
Glynn County, GA
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,991,680
Cap Rate 7%
$2,851,200
Cap Rate 9%
$2,217,600
Alternative Uses
Best Use
Mixed Use
$2.85M
$2.49M – $3.33M
NOI $199,584 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$2.80M
$2.45M – $3.26M
NOI $195,828 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,420 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
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Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Completed in 2007, the property brings office and retail space together in one occupied commercial center.
Where is this mixed-use property located?
The property is located at 208 Scranton Connector Brunswick, GA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 22,400 SF of office and retail space; Fully leased; Built in 2007
