104 Parsonage St - Distribution FOR SALE


Mc Rae, GA 31055
$890,000 USD
912-509-2108
104 Parsonage St, Mc Rae, GA for Sale
$890,000 USD
Distribution - FOR SALE
1/15
null | Request Cap Rate

104 Parsonage St
Mc Rae, GA 31055


HIGHLIGHTS

  • NOI: $115,384.50
  • Entire Roof Replaced/Sealed (2025-2026)
  • 2-acre fenced truck parking
  • Phase-I & Phase-II completed (12/2022)

OVERVIEW

This 55,500 SF warehouse includes a 3,000 square foot loading zone equipped with 4 dock high doors, and approximately 2-acres of truck parking. The building has a small office space of approximately 438 SF. Property is completely enclosed with a chain link fence with razor wire for extra security. Building is completely sprinkled and power is 3-Phase. Seller has made many upgrades to the property. Clear height is 18' in center to beam, and 12' on eaves. Back 11,750 SF of roof replaced in 2025, and remaining 43,750 has been sealed/waterproofed that includes a 15-year GAR transferrable warranty. A tenant has been procured and lease executed with a 2 year net industrial lease, expiring 10/31/2026 with month-to-month renewal option. The Net Operating Income is $115,384.50 which includes a 10% Repair and Maintenance contingency which leaves the CAP rate at 12.96%.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

3.74

LAND SF

162,914

ZONING

I3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex HansbargerJudge CommercialMore Info
912-509-2108

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Alex HansbargerJudge CommercialMore Info
912-509-2108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.