339 Martin Luther King Jr Blvd
Savannah, GA 31401
CoastalStates Bank: Savnnah, GA · Office Property For Sale

• Tenant: Established in 2003, CoastalSouth Bancshares, Inc. (OTCQX: COSO) is headquartered in Hilton Head Island, South Carolina. CoastalSouth, through its wholly-owned subsidiary, CoastalStates Bank, offers a variety of financial resources to help clients achieve their goals, including commercial, consumer, and mortgage banking products and services. The bank has approximately $491M in deposits and a net worth of $65M. • New Long-Term Lease with Renewal Options: CoastalStates Bank has signed a new 10-year NN lease with 2% annual rent escalations during the initial term and two 5-year options to renew (Estimated Commencement: July 2019). • Historical Building with Rare On-Site Parking: Built in 1900, the site is on the historic registry and benefits from very rare and highly desirable on-site parking (24 spaces). • Excellent Access/Visibility: The property is ideally located on a hard corner of Martin Luther King Jr. Boulevard (Traffic Count: 19,200 VPD) and Charlton Street, located just north of the exit ramp to I-16 (Traffic Count: 36,300 VPD). • Savannah, Georgia Market: The city of Savannah, Georgia is built on a history of commerce, innovation, and prosperity. It is Georgia’s fifth-largest city and third-largest metropolitan area with a population of 387,500, which is expected to grow to over 411,000 by 2021. Savannah’s downtown area, which includes the Savannah Historic District, the Savannah Victorian Historic District, and 22 park-like squares, is one of the largest National Historic Landmark Districts in the United States. Commuters, shoppers, students, visitors, and others are economically and socially linked in a primary trade area that includes Liberty and Long Counties in the Hinesville/Ft. Stewart MSA and portions of Beaufort and Jasper counties in South Carolina. About 660,000 people now live, work, and shop in the Savannah Primary Trade Area, which from 2000 to 2014, added about 5,700 net new residents a year.