Office Space / Georgia / Rincon / 31326 / 800 Towne Park Drive East

800 Towne Park Drive East

Rincon, GA 31326

Listing ID: 204667

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$4,995,000

For Sale

Property Type Office for Sale : Medical
Lot Size Acres 4.960
Building Sq Ft 44,463
Building Price per Sq Ft $112.34
Land Sq Ft 216,057
Land Price per Sq Ft $23.12

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Description

Towne Park East is a +/- 44,463 square foot Medical Office Investment offering 1st floor office space at the signalized intersection of Highway 21 and Towne Park East Drive. The asset is 97.75% leased at below-market rents, which provides tremendous upside potential to an investor. Based on 2021 net operating income (NOI), the property is being offered at a 8.39% cap rate, which equates to $419,180.82.

Attachments & Files

towneparkeastsaleom2020-NDQ-Q2t.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Savannah History of Office Space for Sale

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Listing Demographics for 800 Towne Park Drive East Rincon, GA 31326

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,185	11,572	23,514
Population Median Age		37	35	35
Population by Age	0-9 Yrs	130 (10%)	1664 (14%)	3405 (14%)
	10-19 Yrs	194 (16%)	1769 (15%)	3451 (14%)
	20-29 Yrs	135 (11%)	1529 (13%)	3082 (13%)
	30-39 Yrs	198 (16%)	1845 (15%)	3795 (16%)
	40-49 Yrs	175 (14%)	1666 (14%)	3460 (14%)
	50-59 Yrs	163 (13%)	1293 (11%)	2950 (12%)
	60-69 Yrs	97 (8%)	998 (8%)	2014 (8%)
	70+ Yrs	94 (7%)	807 (6%)	1357 (5%)

Median HH Income		$63,108	$64,932	$76,296
Total Household Income	< 24K	105 (21%)	891 (20%)	1360 (16%)
	25-49K	88 (18%)	877 (19%)	1443 (17%)
	50-74K	85 (17%)	700 (15%)	1363 (16%)
	75-99K	76 (15%)	667 (15%)	1450 (17%)
	100-199K	112 (23%)	1055 (24%)	2436 (28%)
	200K+	13 (2%)	204 (4%)	431 (5%)

Highest Education Level	No Diploma	96	916	1469
	Diploma or GED	305	2613	4860
	Some College	122	1468	3322
	Assoc. Degree	98	942	1672
	Bachelors Degree	117	1146	2783
	Higher Degree	62	512	1331

Total Housing Units		509	4,612	8,958
--Owner-Occupied		297	2,754	5,617
--Renter-Occupied		183	1,640	2,867
Owner-Occupied Values	< 100K	54	441	780
	100-199K	158	1448	2480
	200-299K	74	702	1794
	300-399K	7	96	338
	400-499K	2	44	168
	500K+	1	22	57

Total Working Age Population		917	8,770	17,778
In Work Force		644	6,090	12,357
Not In Work Force		273	2,679	5,421
Workforce Employed		610	5,795	11,685
Workforce Unemployed		21	218	471
Civlian Workforce		631	6,013	12,156
Military Workforce		13	77	201

Total Households		480	4,394	8,484
Family Households		261	2,837	5,973
Non-Family Households		219	1,556	2,511
Married Couple		193	2,130	4,740
Other Family		68	707	1,233
Married w/Child		85	921	2,025
Single Male w/Child		8	84	175
Single Female w/Child		32	408	678

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Georgia	8,186,453	+18	9,687,653	+12	10,833,472	+13	12,292,423
Bryan County	23,417	+29	30,233	+29	39,137	+13	44,300
Chatham County	232,048	+14	265,128	+10	292,176	+7	313,387
Effingham County	37,535	+39	52,250	+23	64,026	+13	72,294
South Carolina	4,012,012	+15	4,625,364	+9	5,020,400	+9	5,488,460
Jasper County	20,678	+20	24,777	+5	26,130	+11	29,000

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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