104 Parsonage St Mc Rae, GA 31055

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.