Kokot Realty Enterprises Acquires 3.6 Acre Industrial Property In Savannah, GA For $12.3M
SOLD
$12,300,000
+ 2
Georgia
See Similar DealsIndustrial64,372 SF
Sold 08/02/2022
SOLD
Kokot Realty Enterprises Acquires 3.6 Acre Industrial Property In Savannah, GA For $12.3M
218 Bourne Avenue, Savannah, Georgia 31408, United States
See Similar DealsIndustrial64,372 SF
Sold 08/02/2022
+ 2
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:64,372 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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