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218 Bourne Avenue, Savannah...

Kokot Realty Enterprises Acquires 3.6 Acre Industrial Property In Savannah, GA For $12.3M
SOLDIndustrial

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

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

Dennis Mitchell

JLL

Broker

$1.5B

vol

20 deals

Broker

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