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224 Bourne Blvd 42,000 SF 100% Leased 4-Star Industrial Building Savannah, GA 31408 $10,850,000 ($258.33/SF) 6.22% Cap Rate
Investment Highlights
- 100% leased ±42,000 SF industrial investment
- ±6.7 years weighted average lease term remaining
- New construction – completed in 2025
- ±5.9 miles to Garden City Terminal | ±2.1 miles to I-95
Executive Summary
A newly constructed, fully leased industrial investment located within SPA Industrial Park in Savannah, Georgia. The ±42,000-square-foot facility was completed in 2025 and is 100% leased to two tenants under NNN leases with approximately 6.7 years of weighted average lease term remaining. The property generates approximately $675,150 in NOI and is offered for sale at $10,850,000.
The asset consists of two ±21,000-square-foot suites leased to ZIAMI and Paulson-Cheek Mechanical, with contractual annual rent increases of 3.5%. Built on ±3.79 acres, the property features 24-foot clear height, eight dock-high doors, two drive-in doors, ESFR sprinklers and Heavy Industrial zoning.
Strategically positioned near Savannah's major transportation infrastructure, the property is approximately 2.1 miles from Interstate 95, 4.0 miles from Interstate 16, 5.3 miles from Savannah/Hilton Head International Airport and 5.9 miles from the Georgia Ports Authority's Garden City Terminal.
The asset consists of two ±21,000-square-foot suites leased to ZIAMI and Paulson-Cheek Mechanical, with contractual annual rent increases of 3.5%. Built on ±3.79 acres, the property features 24-foot clear height, eight dock-high doors, two drive-in doors, ESFR sprinklers and Heavy Industrial zoning.
Strategically positioned near Savannah's major transportation infrastructure, the property is approximately 2.1 miles from Interstate 95, 4.0 miles from Interstate 16, 5.3 miles from Savannah/Hilton Head International Airport and 5.9 miles from the Georgia Ports Authority's Garden City Terminal.
Property Facts
| Price | $10,850,000 | Rentable Building Area | 42,000 SF |
| Price Per SF | $258.33 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2025 |
| Cap Rate | 6.22% | Parking Ratio | 0.64/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 8 |
| Building Class | A | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 3.79 AC | ||
| Zoning | SPA-Industrial - Heavy Industrial | ||
| Price | $10,850,000 |
| Price Per SF | $258.33 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 3.79 AC |
| Rentable Building Area | 42,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 0.64/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | SPA-Industrial - Heavy Industrial |
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Paulson-Cheek Mechanical
- -
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99,999 SF
- -
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Lorem Ipsum
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- ZIAMI
- -
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99,999 SF
- -
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Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Paulson-Cheek Mechanical | - | 99,999 SF | - | Lorem Ipsum | - | |
| ZIAMI | - | 99,999 SF | - | Lorem Ipsum | - |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2098504073 | Improvements Assessment | $1,318,600 |
| Land Assessment | $528,280 | Total Assessment | $1,846,880 |
Property Taxes
Parcel Number
2098504073
Land Assessment
$528,280
Improvements Assessment
$1,318,600
Total Assessment
$1,846,880
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224 Bourne Blvd