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104 Parsonage St 56,500 SF Industrial Building Mc Rae, GA 31055 $890,000 ($15.75/SF)
Investment Highlights
- NOI: $115,384.50
- 2-acre fenced truck parking
- Entire Roof Replaced/Sealed (2025-2026)
- Phase-I & Phase-II completed (12/2022)
Executive Summary
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%.
Taxes & Operating Expenses (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$1,695
|
$0.03
|
| Operating Expenses |
$9,040
|
$0.16
|
| Total Expenses |
$10,735
|
$0.19
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $1,695 |
| Annual Per SF | $0.03 |
| Operating Expenses | |
|---|---|
| Annual | $9,040 |
| Annual Per SF | $0.16 |
| Total Expenses | |
|---|---|
| Annual | $10,735 |
| Annual Per SF | $0.19 |
Property Facts
| Price | $890,000 | No. Stories | 1 |
| Price Per SF | $15.75 | Year Built | 1975 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.09/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 3.74 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 56,500 SF | Opportunity Zone |
Yes
|
| Zoning | I3 - Light Industrial | ||
| Price | $890,000 |
| Price Per SF | $15.75 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.74 AC |
| Rentable Building Area | 56,500 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 0.09/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | I3 - Light Industrial |
Amenities
- Fenced Lot
- Front Loading
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
For $1.95/SF/Year (NNN), Judge Realty presents 104 Parsonage Street, an approx. 56k SF warehouse with 3,000 SF loading zone equipped with 4 dock-high doors, and approx. 1 roll up door, 2-acres of truck parking area across the street. Warehouse area has 18-foot clear height to beam in the center, 3-phase 1,500 amp power, fully sprinkled, and a 436 SF office and 2 bathrooms. Property is completely enclosed with a chainlink fence with razor wire for extra security. Property is also available for purchase for $16.03/SF ($890,000).
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 56,500 SF | Industrial | - | Oct 2026 |
1st Floor
| Size |
| 56,500 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Oct 2026 |
1st Floor
| Size | 56,500 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Oct 2026 |
For $1.95/SF/Year (NNN), Judge Realty presents 104 Parsonage Street, an approx. 56k SF warehouse with 3,000 SF loading zone equipped with 4 dock-high doors, and approx. 1 roll up door, 2-acres of truck parking area across the street. Warehouse area has 18-foot clear height to beam in the center, 3-phase 1,500 amp power, fully sprinkled, and a 436 SF office and 2 bathrooms. Property is completely enclosed with a chainlink fence with razor wire for extra security. Property is also available for purchase for $16.03/SF ($890,000).
Contact the Sale Advisor
104 Parsonage St