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104 Parsonage St
Mc Rae, GA 31055
Industrial Property For Sale
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
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%.
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%.
Property Facts
| Sale Type | Owner User | Year Built | 1975 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 0.09/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’ |
| Lot Size | 3.74 AC | No. Dock-High Doors/Loading | 4 |
| Rentable Building Area | 56,500 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 1 | Opportunity Zone |
Yes
|
| Zoning | I3 - Light Industrial | ||
| 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
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