60,480 SF Industrial Investment
610 E Main Street
Swainsboro, GA 30401
Highlights
- 3-PHASE ELECTRI
- FULLY SPRINKLERED
- 3,132 SF FINISHED OFFICE/BREAK ROOM
- OFF STREET PARKING
- 4 DOCK HIGH DOORS, 1 DRIVE-IN BAY
- 22" CEILINGS IN CENTER
Description
This income property consists of a 60,480 SF distribution warehouse in Swainsboro GA on 6.35 acres. A new tenant has been procured and lease executed with a 5 year modified industrial gross lease. The Net Operating Income is $161,265 which includes a 10% Repair and Maintenance contingency which leaves the CAP rate at 9.49% . Building recently appraised for $1,700,000.
Landlord is responsible for the property taxes, insurance, and roof. Tenant has a contract with EcoPlaster a large company located in neighboring Statesboro, GA.
The building has 22” ceiling height in the center, 4 dock-high doors, 1 drive-in bay and roughly 3,312 SF of office space. The building is serviced with a 3-phase electrical service and is fully sprinklered.
Swainsboro is located in Emanuel County just off of Interstate 16 between Savannah and Macon. Emanuel County has seen tons of industrial growth along with other rural counties along I:16 due to the expansion of industry in Savannah. The site is ideal for users that need easy access between Savannah and Atlanta or in Middle Georgia cities such as Statesboro or Dublin. Emanuel Industrial Park East is located south of downtown Swainsboro just off U.S. Route #1. The park is the site of several major industries including American Door and Drawer, Kongsberg Automotives, and Chemetron Fire Systems, as well as the regional UPS Distribution Center. Meadowlake Parkway leads westward to Emanuel Industrial Park East and the Richard L Brown Industrial Park. All these parks feed directly onto the new four lane U.S. Route #1, and on to Interstate I-16 12 miles to the south.
