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General Retail Condo For Sale • 51,800 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 1503 | Office | 51,800 SF | $5,800,000 USD | |
DescriptionThe Opportunity This offering presents a rare chance to acquire a well-positioned, income-producing asset in the Savannah market at an attractive 10.05% cap rate. The property is anchored by MCI/OnBrand24, a proven and established tenant that has operated in the space since 2018, signing a new 10-year lease, demonstrating their long-term commitment to this location. With an absolute NNN lease structure, investors enjoy true passive income with zero landlord responsibilities, making this an ideal option for both institutional and private investors seeking stable cash flow. Sale NotesInvestment Opportunity – 14045 Abercorn Street | Savannah, GA Price: $5,800,000 Size: 51,800 SF +/- Price Per SF: $111.00 |
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Property Description – 14045 Abercorn Street, Suite 1503 Suite 1503 at 14045 Abercorn Street represents a unique adaptive reuse success story in one of Savannah’s strongest commercial corridors. The 51,800 square foot space was originally occupied by Virginia College, offering a highly improved educational layout with expansive classrooms, wide hallways, and abundant common areas. Following the college’s closure, the property was transformed by the current tenant, MCI/OnBrand24, into a state-of-the-art call center and customer service hub. The former academic design provided an ideal foundation for repositioning: Large, open-format rooms were easily converted into flexible workstations to accommodate hundreds of employees. Abundant parking allows the site to comfortably support a high employee count, a critical feature for call center operations. Regional mall setting delivers exceptional visibility, access to public transit, and proximity to a dense labor pool — making the location highly attractive for employee commuting and recruitment. Today, the property serves as an established operations hub for MCI/OnBrand24, who have committed to a new 10-year absolute NNN lease. The combination of long-term tenancy, modernized infrastructure, and its irreplaceable location within a 2% vacancy market underscores Suite 1503’s long-term stability and investment value.
| Absolute NNN Lease |
| 6 years remaining in a 10-year term |
| Attractive Yield |
| Market Strength- 2% vacancy underscores demand and stability |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Savannah/Hilton Head International | 30 min | - | 15.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 3783 |
| Type: | Surface |
| Included in Rent: | Yes |
Jack Hall
Stonestreet Properties, LLC
Jack Hall
Stonestreet Properties, LLC
