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Main Street Office Building 601 North Way

4,811 SF Office Building Darien, GA 31305 £406,092 (£84/SF) 9.25% Net Initial Yield

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Investment Highlights

Just 10 miles North of Brunswick
Frontage on Main Street by Post Office
Interior fully renovated a few years ago an a new roof added in 2021.

2 Miles off I-95
Convenient to Brunswick, Savannah Hinesville, and Jesup
Long term lease with a loyal government tenant

Executive Summary

New Roof just installed! 4 total AC units. This property is located in an Opportunity Zone area which qualifies for Georgia's maximum job tax credit of $3,500 per job. The incentive, which is available for new or existing businesses that create two or more jobs, is a Job Tax Credit which can be taken against the business's Georgia income tax liability and payroll withholding tax.
Located just two miles off of I-95 GA Exit 49 in the heart of Darien. Across Main Street from Darien and McIntosh County Government buildings. For Sale by owner. Owner is a licensed real estate agent in the State of Georgia. County Government recently signed 3 year, Triple Net lease to occupy property.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	£37,558	£7.81

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	£37,558
Annual Per SF	£7.81

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Office/Residential

Building Size

4,811 SF

Building Class

Year Built/Renovated

1968/2010

Price

£406,092

Price Per SF

£84

Net Initial Yield

9.25%

NOI

£37,558

Tenancy

Single

Number of Floors

Typical Floor Size

2,406 SF

Building FAR

0.79

Lot Size

0.14 AC

Zoning

C - Commercial

Parking

15 Spaces (3.12 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Controlled Access

Security System
Storage Space

Central Heating
Reception

Wi-Fi
Air Conditioning

About 601 North Way , Darien, GA 31305

Newly renovated office building leased by Government for 7 years starting September 1, 2016. 3,031 sq. ft. with 10 offices on the ground floor; 1,780 sq. ft. with 14 offices on the second floor. Amenities are reception lobby, reception office, two conference rooms, breakroom/kitchen, 4 restrooms, and a large storage area. The building is wired for a telephone system, DSL connection in each office with wireless available, 3 TV's, and a security system. ADA compliant. Lined, on-street parking in front of the building is also available.