808 Gloucester St
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808 Gloucester St
27,008 SF 100% Leased Office Building Brunswick, GA 31520 $1,800,000 ($67/SF) 7.64% Cap Rate
Investment Highlights
- Fully leased out building with tenants starting year one of 3-5 year terms
Executive Summary
808 Gloucester is an iconic downtown building, renovated in 2022, and now fully leased and available for sale. 808 is a corner lot on Gloucester and Egmont Streets directly across from the Federal Courthouse. It has a dedicated parking lot with over 25 spaces and additional street-front parking is available. This 11,094 SF multi-tenant building is located in a highly desirable location with excellent visibility and signage.
If desired, 800 Gloucester can be added to the purchase for an additional $695K. The 800 Building is a Single Tenant 3,000 SF with newly renovated corporate offices adjacent to the 808 Building facing Gloucester Street. It has off street parking and would be an excellent complementary property to the 808 Building.
If desired, 800 Gloucester can be added to the purchase for an additional $695K. The 800 Building is a Single Tenant 3,000 SF with newly renovated corporate offices adjacent to the 808 Building facing Gloucester Street. It has off street parking and would be an excellent complementary property to the 808 Building.
Data Room Click Here to Access
- Leases
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
27,008 SF
Building Class
B
Year Built/Renovated
1990/2022
Price
$1,800,000
Price Per SF
$67
Cap Rate
7.64%
NOI
$137,605
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,547 SF
Building FAR
1.00
Lot Size
0.62 AC
Zoning
G-C - General Commercial
Parking
25 Spaces (2.25 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $716,000 | |
| Land Assessment | $70,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $646,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$70,000
Improvements Assessment
$646,000
Total Assessment
$716,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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808 Gloucester St
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