716 Wheaton st | Savannah, GA 31401
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
716 Wheaton st
Savannah, GA 31401
DFCS Building - Chatham County GA · Office Property For Sale
Investment Highlights
- 100% Occupancy - State of Georgia DFCS
- AAA Credit Tenant
- High Growth MSA
- Leased till 2039
- 6.49 Acre site near Downtown Savannah GA
Executive Summary
The Newmark Government Capital Markets team , on behalf of ownership, is pleased to present qualified investors with the opportunity to acquire a 110,445 square foot office building that is currently 100% leased by the State of Georgia. The Property was an original build-to-suit project for the Department of Family and Children Services ("DFCS") in 2004. DCFS operated under an original fifteen (15) year lease, which was renewed in 2019 for an additional twenty (20) years. The lease expires in 2039 and features annual rental increases of 2.1% beginning Lease Year 16. The lease is full service in nature with Landlord responsibility. The lease guarantor - the State of Georgia - maintains a AAA (stable) credit rating from Standard & Poor's.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
110,445 SF
Building Class
C
Year Built/Renovated
2004/2019
Price
£16,482,982
Price Per SF
£149
Net Initial Yield
7.85%
NOI
£1,293,914
Percent Leased
100%
Number of Floors
5
Typical Floor Size
22,089 SF
Building FAR
1.40
Lot Size
1.81 AC
Opportunity Zone
Yes
Parking
21 Spaces (0.19 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 2001415005 | Improvements Assessment | £38,037 |
| Land Assessment | £181,224 | Total Assessment | £219,261 |
PROPERTY TAXES
Parcel Number
2001415005
Land Assessment
£181,224
Improvements Assessment
£38,037
Total Assessment
£219,261
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
