6709 Forest Park Dr
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6709 Forest Park Dr
4,116 SF 100% Leased Office Building Savannah, GA 31406 £601,125 (£146/SF) 6% Net Initial Yield
Investment Highlights
- Property has been fully renovated within last 5 years
- Immediate Income Stream with Room to Grow
- Excellent Condition
Executive Summary
Property 75% occupied by Home Instead, a national provider of in-home health care services. Tenant lease on property through November 2026 with a one-year renewal option. 25% of the property (or just over 1000 SF) on the second floor is vacant.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£36,765
|
£8.93
|
| Other Income |
£6,701
|
£1.63
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£43,465
|
£10.56
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £36,765 |
| Annual Per SF | £8.93 |
| Other Income | |
|---|---|
| Annual | £6,701 |
| Annual Per SF | £1.63 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £43,465 |
| Annual Per SF | £10.56 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,116 SF
Building Class
B
Year Built/Renovated
1999/2020
Price
£601,125
Price Per SF
£146
Net Initial Yield
6%
NOI
£36,068
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,058 SF
Slab to Slab
12 ft
Building FAR
0.30
Lot Size
0.32 AC
Zoning
B-N - Neighborhood Business
Parking
15 Spaces (3.64 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 2053503064 | Improvements Assessment | £101,951 |
| Land Assessment | £77,938 | Total Assessment | £179,889 |
PROPERTY TAXES
Parcel Number
2053503064
Land Assessment
£77,938
Improvements Assessment
£101,951
Total Assessment
£179,889
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6709 Forest Park Dr
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