Goodwill Industries International Acquires Office Building In Savannah For $19.75M From Margaret Bowen
761 Wheaton Street
$19,750,000
$179/SF
Building Size
110,330 SF
Asset Type
Office
Closing
Jul 10, 2026
About this deal
AI
Goodwill Industries International acquired an office building located at 761 Wheaton Street in Savannah, Georgia. The transaction was finalized at a sale price of $19.75 million, translating to $179 per square foot. The total square footage of the property is 110,330, and it encompasses 6.5 acres of land.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,750,000
- Buyer: Steven C. Preston - Goodwill Industries International
- Seller: Margaret Bowen
- Seller's Representative: Michael Bull - Bull Realty
- Buyer's Representative: Cushman & Wakefield
- Market: Savannah, GA
As part of the deal, Goodwill Industries International plans to convert space previously occupied by the State of Georgia into an Opportunity Campus. This facility will offer healthcare, childcare, and education services through collaboration with 13 partner organizations as the state reduces its footprint in the building.
Players
Wheaton Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93