82 Columbia Dr, Pooler, GA 31322
- Warehouses
- 14,400 SF
- 2.49 lot acres
Current Use by Public Records
- Warehouses
Property Details for 82 Columbia Dr
- Year built
- 2008
- Lot size
- 2.49 lot acres
- Zone code
- I-1
- Property type
- Warehouses
- APN
- 5-0987 -07-033
- APU
- 5098707033
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 21, 2023 | $3,000,000 | Midway 3 Properties LLC | Green South Development LLC | Warranty Deed | — |
| Jan 15, 2015 | $840,000 | Green South Development LLC | John Cingle | Warranty Deed | — |
| Jun 16, 2006 | $320,000 | John Cingle | Not Provided | Deed | $321k · Sea Island Bank |
Description
This exceptional investment opportunity presents a 14,400-square-foot industrial warehouse located at 82 Columbia Drive, Pooler, GA 31322. The property, built in 2008 and situated on a 2.49-acre lot, is currently 100% occupied by Live Oak Construction Supply under a net lease with a corporate guarantee. The lease, commencing January 5, 2024, and expiring February 28, 2029, features a remaining term of 4.3 years and includes annual rent increases of 3%. A single 5-year renewal option exists at fair market value. The asking price is $3,600,000, representing a price per square foot of $250 and a 6.44% cap rate based on a current net operating income (NOI) of $231,750. The property benefits from its location in a thriving industrial park alongside national credit tenants such as Ferguson, ABC Supply, United Rentals, White Cap, and Capital Electric (Sonepar). Its proximity to the Savannah/Hilton Head International Airport (less than 15 minutes) further enhances its appeal. The strong tenant, Live Oak Construction Supply, a family-owned business operating in Georgia for over 30 years, recently extended their lease and made improvements to the property, demonstrating a long-term commitment. The high demand for industrial space in the Savannah area, driven by increased goods spending and port activity, contributes to the property's investment strength. This offering presents a rare opportunity to acquire a well-located, net-leased warehouse with outdoor storage in a high-growth market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,630,000
- ML approach
- $3,775,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,232,000
Market price range: $1.85M - $4.21M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,435,000 Current use
- AUTO REPAIR, GARAGE
- $5,660,000 Change: +133% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $5,050,000 Change: +108% Conversion: Moderate
- MEDICAL BUILDING
- $4,550,000 Change: +87% Conversion: Difficult
- RETAIL STORES
- $4,335,000 Change: +78% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Pooler
- County
- Chatham
- State
- Georgia
- Longitude
- -81.22
- Latitude
- 32.1035
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
