The subject property is a 3-story commercial office building consisting of 20,160 square feet of office space originally designed and used as a community bank including drive through teller lanes. The building is currently being used as office for a high security computer technology company. The building security and IT capabilities have been significantly upgraded. The subject parcel is approximately 3.48 acres of level land. The property is zoned HB for Hwy. Business and the location is high density retail including “Big Box”, restaurants and grocery. The original building was constructed in 2008. and has recently been upgraded to sewer for greater workforce capacity.

The location is good as it is just ¼ mile East of I-985 on Spout Springs Rd. which is approaching completion of a significant road widening project. The current traffic count is 6294 VPD. The area is experiencing tremendous growth with current 12-month projections for delivery of single-family residences both attached and detached of 2000+ units within a 2 mile radius. The City of Gainesville just north of the subject location has been awarded the new “Inland Port” rail facility which is connected directly to the newly widened seaport of Savannah. This has created an increase of new deliveries and soon to be built warehouse/distributions facilities of a combined over 10 million square feet.

This market is strong with low unemployment, good schools, sufficient medical facilities and improving infrastructure. Vacancy rates for commercial retail and warehousing are low and the demand for office space is increasing at a rapid pace.