Property Details for 104 Parsonage St

Year built

1975

Construction

STEEL FRAME

Lot size

1.75 lot acres

Property size

44,250 SF

Zone code

RESIDENTIAL

Property type

Warehouses

Property subtype

Self storage facilities

APN

MC3000 016 01A

APU

MC300001601A

Description

This exceptional investment opportunity presents a 55,500-square-foot Class C industrial distribution warehouse located at 104 Parsonage Street, McRae-Helena, Georgia, 31055. The property sits on a 3.747-acre lot and features a single-story building constructed in 1975, extensively renovated in 2022. The building boasts 18-foot clear ceiling height (12-foot eaves), four dock-high doors, and a 3,000-square-foot loading zone with ample truck parking (approximately 2 acres). A 438-square-foot office space is also included. Security features include a fully enclosed chain-link fence with razor wire. The warehouse is fully sprinklered and equipped with 3-phase power. Extensive recent upgrades include a complete environmental remediation (Phase I & II completed December 2022), office and bathroom renovations, LED lighting upgrades, insulation repair, plumbing replacement (cast iron to PVC), exterior painting, gutter repair, skylight replacement, and roof resealing. Currently 100% occupied by a credit-rated tenant under a two-year net lease commencing November 1, 2024, and expiring October 31, 2026. The Net Operating Income (NOI) is $115,384, resulting in a compelling 12.96% cap rate. The property is zoned I3 and is offered at $890,000 ($16.04/sq ft). This is a turnkey investment with a strong tenant and significant recent improvements. The lease includes a month-to-month option.

Location Insight

City

Mc Rae Helena

County

Telfair

State

Georgia

Longitude

-82.9145884

Latitude

32.0737872

Property Tax & Assessments