18,480 Square Foot Office Space For Sale @ 123 Canal Street

Sperry Van Ness is pleased to present excellent office condominiums for sale or lease at the Parkway Business Center at Godley Station. Built in 2005, the entire property comprises 14 suites of 1,680 SF each in 2 buildings for a total of 23,520 SF. Three suites have been sold, allowing the 11 remaining suites available for purchase and 2 of those suites available for lease. Suites are 24’W x 70’D with glass front entrances , large windows, high ceilings, a restroom and rear entrances. All suites vary in the amount of interior improvements, from fully finished office space in move-in condition to shell space ready for buildout. The sales price shown represents a bulk sale price for 11 suites. Please call for individual suite prices or investment options.

For lease details, click: http://svnsavhh.com/properties/?propertyId=27953-lease.

Sales Info:
■ Commision split: 6.0%

Location Description:
The property is located within the Pooler Park of Commerce at Godley Station, a 5,800-acre master-planned development in Pooler, GA, that has been the center of real estate growth just West of Savannah for slightly more than a decade. The area is home to the Savannah/Hilton Head International Airport and is logistically centralized for convenient travel to anywhere within the Savannah area, with access to both I-95 and I-16. Both residential and commercial growth can be attributed to a number of economic drivers including: the Georgia Ports Authority, which is the second largest port on the East coast and fourth largest port in the country; the tourism industry, which experiences more than 7 million tourists annually; manufacturing, with employers such as Gulfstream Jets, JCB construction equipment, EFACEC, Georgia Pacific and Mitsubishi, which has constructed a new facility on the state owned mega site nearby.; and two military bases, which are Fort Stewart and Hunter Army Airfield.

Along with established medical, office and retailers serving the area, such as WalMart, Home Depot and Sam’s Club, there have been a considerable number of new developments in the immediate vicinity including a Publix, two movie theaters, Frames ‘n Games bowling, Longhorn Steakhouse, Fatz Café, Cheddar’s Restaurant, Lowe’s and multifamily housing. The Savannah Chatham Public School System also just constructed a new K-8 grade school within Godley Station that opened in August 2010. The area’s amenities are supported with a population reaching 280,000 within a 30 minute drive time along with high traffic counts from major thoroughfares that support the 13 hotels with over 1,300 rooms that are located nearby. The area has become a “live, work, play” community with close to 18,000 homes projected at build out.

Highlights:
■ Available For Sale or For Lease
■ NOI: $156,165.51
■ Cap Rate: 7.1%
■ Occupancy Rate: 82%
■ Projected Cap at 100% occ: 9.54%
■ Only One (1) 3,360 sf Unit Remaining for Lease
■ Below Market Rents
■ Long term leases in place
■ Pooler Parkway Visibility

* This property also has spaces available for lease.