Eastport Distribution Center - Offering Memorandum.pdf

Offering Memorandum · filed May 27, 2024 · 41 pages · deal: Eastport Distribution Center
Page 3
Property overview

396 East Street | Savannah, GA 31408

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Location: Savannah, Georgia; suburban submarket

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Page 4
Property description

Product type: distribution industrial, built 2023; class B+

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Built in 2023; no major renovation since construction

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Page 5
Tenancy

3 tenants across 188,000 square feet, weighted lease term 6.1 years

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Page 9
Market overview

Submarket: suburban Savannah; commuter suburb with new-household growth above the metro average

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Page 12
Investment highlights

Projected 11.2% levered IRR and a 1.77x equity multiple over a 6-year hold

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On file

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