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104 Parsonage St

55,500 SF Industrial Building Mc Rae, GA 31055 £697,137 (£13/SF)

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Investment Highlights

NOI: $115,384.50
2-acre fenced truck parking

4 dock-high doors
Phase-I & Phase-II completed (12/2022)

Executive Summary

This 55,500 SF warehouse includes a 3,000 square foot loading zone equipped with 4 dock high doors, and approximately 2-acres of truck parking. The building has a small office space of approximately 438 SF. Property is completely enclosed with a chain link fence with razor wire for extra security. Building is completely sprinkled and power is 3-Phase. Seller has made many upgrades to the property. Clear height is 18' in center to beam, and 12' on eaves.
A new tenant has been procured and lease executed with a 2 year net industrial lease, expiring 10/31/2026. The Net Operating Income is $115,384.50 which includes a 10% Repair and Maintenance contingency which leaves the CAP rate at 12.96%.

56K_SF_warehouse_FOR_SALE__104_Parsonage_Street

Taxes & Operating Expenses (Actual - 2023)	Annual	Annual Per SF
Taxes	£1,328	£0.02
Operating Expenses	£7,081	£0.13
Total Expenses	£8,409	£0.15

Taxes & Operating Expenses (Actual - 2023)

Taxes
Annual	£1,328
Annual Per SF	£0.02

Operating Expenses
Annual	£7,081
Annual Per SF	£0.13

Total Expenses
Annual	£8,409
Annual Per SF	£0.15

Property Facts

Price	£697,137	Number of Floors	1
Price Per SF	£13	Year Built	1975
Sale Type	Owner User	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.09/1,000 SF
Property Subtype	Distribution	Clear Ceiling Height	18 ft
Building Class	B	No. Dock-High Doors/Loading	4
Lot Size	3.74 AC	Level Access Doors	1
Rentable Building Area	55,500 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£697,137
Price Per SF	£13
Sale Type	Owner User
Property Type	Industrial
Property Subtype	Distribution
Building Class	B
Lot Size	3.74 AC
Rentable Building Area	55,500 SF
Number of Floors	1
Year Built	1975
Tenancy	Single
Parking Ratio	0.09/1,000 SF
Clear Ceiling Height	18 ft
No. Dock-High Doors/Loading	4
Level Access Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.