Updated Oct 28, 2024
Kokot Realty Enterprises Acquires 3.6 Acre Industrial Property In Savannah, GA For $12.3M
218 Bourne Avenue, Savannah, Georgia 31408, United States
$12,300,000
$191/SF
Building Size
64,372 SF
Asset Type
Industrial
Closing
Aug 1, 2022
About this deal
AI
The industrial property located at 218 Bourne Blvd in Savannah, GA has been sold in a recent transaction. The property spans over 3.6 acres and is characterized as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,300,000
- Square Footage: 64,372
- Price Per Square Foot: $191
- Address: 218 Bourne Blvd, Savannah, GA
- Market: Savannah, GA
Kokot Realty Enterprises has acquired the property from Hight Knox Properties, LLC. The transaction was facilitated by the brokers Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Jim Freeman from JLL.
Players
Savannah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93