| |
Property Specifications |
| |
Location: |
13 East York Street
Savannah, GA 31401 |
| |
Square Footage: |
3,562± SF (2 Floors) |
| |
Acreage: |
0.05± AC |
| |
Year Built: |
1959; Renovated in 2009 |
| |
Occupancy: |
100% |
| |
Net Operating Income: |
$71,244 |
| |
Price: |
$704,000 ($198 PSF) |
| |
|
|
|
|
|
| |
Investment Highlights |
|
| |
 |
First Citizens Bank now occupies entire premises on $20.00 psf NNN lease through June 2012 expiration when they will move to another location |
|
| |
|
Discount to Replacement Cost - The asset can be purchased at a significant discount to replacement cost |
|
| |
|
Dense demographics with 65,861 people residing within a 3-mile radius of subject property
|
|
| |
|
Well located in the downtown Savannah commercial business district area |
|
| |
|
Savannah enjoys very favorable macro economics |
|
|
