609 East 69th Street, Savannah, GA, 31405
Office Property For Lease
6,400 SF – Floor Plan
Asking: $17 NNN
Agent: Kim Iocovozzi
Built in 2015 with an emphasis in LED and power saving features, this turn-key energy efficient executive office building in the Medical Arts area of mid-town Savannah is just blocks from both major hospitals. Interior features a modern industrial design, 15 office/patient rooms and security throughout. Suitable for medical, professional, or laboratory offices. The property also offers 12 off-street spaces making parking easy for employees and clients. Owner willing to subdivide and will consider all offers.
To learn more about this property, or to schedule a viewing, contact Kim Iocovozzi today at 912.236.1000 or stop by 347 Abercorn St. Savannah, GA.
Photography: Carson Sanders
Newly renovated, contemporary office condo in Oglethorpe Professional Court. This beautiful and light-filled corner unit has hardwood floors, stylish carpet, and contemporary finishes throughout. With a private office, a large conference room, discrete reception and waiting area, storage, and a break room, this property has more than enough space in its modern layout. In addition to ample parking, this centrally located office complex is right off Hodgson Memorial Drive.
To learn more about this property and schedule a viewing call Lori Judge today at 912.236.1000 or stop by Judge Realty at 347 Abercorn Street.
4117 Montgomery Street, Savannah, GA 31401
Industrial Property For Lease
Rental Rate: $3,450/Month
Associate Broker: Bobby Vermillion
Large industrial property for lease located on Montgomery Street near downtown Savannah. 3,000 square feet of 25-foot open span warehouse space and five roll-up doors. This property also includes 1,000 square feet of climate controlled office space, 1,000 square feet of loft space with kitchenette, and another 1,000 square feet of partially cooled space located under an industrial fan. All of this and 11 parking spaces for your employees and clients.
To learn more about this industrial property for lease or to schedule a viewing contact Bobby Vermillion at 912.509.1000 or stop by Judge Realty at 347 Abercorn Street.
2323 Barnard Street
Retail Property for Sale
1,350 Square Feet
Beautiful ground floor corner unit for sale near the trendy Starland District. This bright and light retail space can be used for many purposes. Open floorplan with high ceilings and hardwood floors throughout, one full restroom, a commercial sink along the back wall, and a bordering lot that could be included. Ideal for an art studio or gallery space!
Contact Bobby Vermillion to schedule a viewing at 912.236.1000 or stop by Judge Commercial at 347 Abercorn Street.
Photos: Courtesy of Sylvester & Co.
Featured Commercial Property: 205 West Broughton Street
- $3.75 /SF/Month
- $91,800 /Year
- $7,650 /Month
Available January 2017
Exceptional street retail location on Historic District Savannah’s main shopping thoroughfare. High foot traffic from visitors and locals alike. Outstanding, renovated interior space with abundant light, high ceilings, brick walls & hardwood floors. Currently occupied by a high end home goods store, there is also the opportunity to purchase furniture & fixtures plus existing inventory.
Historic District Savannah’s main shopping thoroughfare next to J Crew and other national brand names including GAP, Banana Republic, Urban Outfitters, Kate Spade & Lilly Pulitzer.
For more information please contact Lori Judge at 912.236.1000 or stop by Judge Realty at 347 Abercorn Street.
Photography provided by Ellsworth-Hallett
Formerly, respected design builders Ellsworth-Hallett, this exceptionally well maintained and fully renovated property is located in a prominent Victorian neighborhood. The two unit, 2,097 square foot, office building has two dedicated parking spaces and includes an additional warehouse. The building underwent a top-to-bottom restoration, by Ellsworth-Hallett, of all systems, high quality surfaces, and received a new roof. Located on the corner of Lincoln and Henry Street, this amazing space is in the perfect location for a new business or with 100% occupancy and a 6.5% cap rate, it also makes a great investment.
To learn more about this amazing property contact Lori Judge at 912.236.1000 or stop by Judge Realty at 347 Abercorn Street.
Originally from Cape Cod, Massachusetts, Kim has made Savannah her home after spending the previous decade in Hawaii. Over the past ten years she has gained invaluable commercial asset management experience that she plans to bring to Judge Commercial.She is a licensed real estate agent in both Hawaii and Georgia with many loyal and appreciative clients nationwide. While in Hawaii, Kim found the perfect outlet for her love of photographyand began photographing her properties as well as her coworkers. Whether she’s with her family traveling abroad or on the beach, Kim loves taking photographs. She considers it a “relaxing outlet that I can learn about and also learn from.”
Lori Judge said, “Having such an accomplished commercial real estate broker join our office is a real asset to both the team and Savannah. I am enthusiastic about Judge Realty’s participation in Savannah’s rapidly growing commercial sector and look forward to working with Kim.”
As part of her experience, Kim successfully managed and increased the Net Operating Income (NOI) for both multimillion dollar shopping centers and smaller commercial property owners. Her comprehensive approach to improving location operations is centered on building rapport with property vendors and tenants while conscientiously managing details.
Stop by Judge Realty at 347 Abercorn Street or call Kim at 808.349.6427 to learn more about her! You can see her photography at http://www.kjdaltonphotography.com/
Photography by Parker Stewart
Photography: Heath Daniel
6512 White Bluff Road
7,955 Retail SF
Built in 2007, this extremely well constructed and maintained multi-unit retail/office building has long standing tenants and is situated in a prime location. The building, a three unit two story frame, boasts 5,978 SF first floor retail (occupied by Two Smart Cookies) and the second level contains 1,977 SF of office space (formerly an attorney’s office). The property is zoned PBC, offers 27 parking spaces, and is located on heavily traveled White Bluff Road (34,567 views per day), adjacent to Hunter Army Airfield and blocks from the Oglethorpe Mall. With a net operating income of $117,679.00 there is an 8.12% return on investment.
Contact Casey Howard at 912.661.3215 or stop in at Judge Realty, located at 347 Abercorn Street.
Photography: Cedric Smith
Boasting 9,700 feet of contiguous berth space and over 3 million SF of warehouse space available within 30 miles of the port, Savannah’s commercial real estate market is poised for success and continued growth. Savannah, with a population of 886,000 and a workforce of 416,000 within a 60 mile radius, is the largest single container terminal in North America according to Georgia Ports Authority. With a $706 million dredging project underway, the port will only continue to grow our economy and create jobs. In Q1, Savannah and its surrounding areas saw a rise in asking price as well as a significant 1.5% drop in CAP rate.
Vacancy rates have dropped almost 1.4% from Q1 last year and are forecasted to drop to an astonishing 0% within the next 2 years. As investors flock to the area, asking prices per SF are reaching an all-time high as we move into Q2 seeing more than $30 per SF rise over the past five years. The Historic District and Pooler have seen the most significant raise in price and a 6 month drop in time on the market as well.
Georgia’s deepwater ports and inland barge terminals support more than 295,443 jobs in the state per year and generate $15.5 billion in income, $61.8 billion in revenue and $6.1 billion in state and local taxes. Savannah’s unemployment rate, as of February 2016, is the same as the national unemployment rate (5.3%), but lower than that of Georgia (5.6%). Moving forward into Q2 this year, we see nothing but success on the horizon for Savannah and the surrounding areas bolstering a healthy commercial real estate market with a projected 100% absorption assumption of the previous 5-year average.
* Data provided by Georgia Ports Authority, Savannah Area Board of Realtors, and Co-Star