3920 Ogeechee Rd Savannah, GA 31405
- Commercial real estate
- 7,000 SF
- 0.75 lot acres
Current Use by Public Records
- Elite Auto Care / Car Repair And Maintenance Service
- Hook Recovery and Towing / Towing Service / Auto Wrecker
Property Details for 3920 Ogeechee Rd
- Year built
- 1985
- Lot size
- 0.75 lot acres
- Property size
- 7,000 SF
- Property type
- Commercial real estate
Description
This exceptional single-tenant, net-lease industrial property in Savannah, GA, offers a compelling investment opportunity. The 7,000-square-foot building, constructed in 1985, sits on a 0.75-acre lot and boasts a high bay design with four large grade-level doors, ideal for efficient material handling. The property includes 10 parking spaces and a fenced lot providing ample room for fleet and delivery vehicle storage or equipment laydown. Currently operating at 100% occupancy under a 5-year NNN lease (commencing November 1, 2022, and expiring October 31, 2027), the property generates a substantial net operating income (NOI) of $380,400, representing a strong 7.76% cap rate. The asking price is $4,900,000, or $700 per square foot. Its strategic location offers convenient access to the Savannah/Hilton Head International Airport (approximately 18 minutes away), the Georgia Ports (approximately 13 minutes away), and Interstate 95, ensuring excellent connectivity. The property is zoned PBG and features a well-designed layout, including a retail sales office counter. This presents a rare chance to acquire a high-performing industrial asset in a thriving Savannah market, with significant potential for long-term growth and return on investment. The remaining lease term is approximately 2.9 years.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.153541171237
- Latitude
- 32.051188232259
