6030 Commerce Blvd._Property for Sale
6030 Commerce Blvd._Property for Sale
Commerce Boulevard 6030, Garden City, GA, 31408, US

6030 Commerce Blvd.

Asset Description

On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for 6030 Commerce Blvd. (the “Property”). Totaling 394,539 square feet, the Property is located in a sought-after, extremely rare location less than 2 miles from the Port of Savannah’s Garden City Terminal, the single largest and fastest-growing container terminal in North America. One of the most well-positioned industrial assets in the Savannah market, the Property is just 3.9 miles from Savannah/Hilton Head International Airport, 5.4 miles from I-16 and I-95, and only 1 truck turn to the Port.


Institutionally maintained, The Property has recently undergone extensive capital improvements, including a brand new 60-mil TPO roof and updated LED warehouse lighting. It is one of only five warehouses within 2 miles of the Port that has a rail spur, further adding to its superior logistics positioning. 100% leased to The Kearney Companies, who has leased the Property for over 12 years and recently renewed their lease, with 4.7 years of lease term remaining. The Kearney Companies is servicing a contract with International Paper (NYSE: IP | $18.9B 2023 Rev) at this facility. The Property's irreplaceable infill location and proximity to multiple major thoroughfares and the Port of Savannah’s Garden City Terminal, in combination with its CSX rail access and heavily imbedded tenancy makes 6030 Commerce Blvd. one of the best assets within the Savannah market today.

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Investment Highlights

GENERATIONAL INFILL LOCATION

  • 1.8 miles to Garden City Terminal
  • 5.4 miles to I-16 & I-95
  • 1 truck turn to the Port


FUNCTIONAL INFILL ASSET WITH CSX RAIL ACCESS

  • 394,539 SF
  • 140’ truck court
  • Tilt-wall construction
  • Side-load configuration
  • 800’ of CSX rail with 11 rail doors
  • 70 trailer spaces and 102 auto spaces
  • Recent capital improvements


HEAVILY IMBEDDED AND ESTABLISHED TENANCY

  • The Kearney Companies
  • Corporate guarantor: Precision Terminal Logistics, LLC
  • Servicing contract with International Paper (NYSE: IP | $18.9B 2023 Rev)
  • 4.7 years lease term remaining with 3.5% annual escalators
  • Recently signed a renewal after 12+ years at location
  • The Kearney Companies' day-to-day operations requires rail access as well as proximity to the port, making this a mission critical location for their business 

Attributes

Building area net
36,654 m²
Occupancy
100%
Year built
1988
WALT
4.7 years
NOI
₫73,936,502,000
Lease type
Net lease (N/NN/NNN)

Contact brokers

6030 Commerce Blvd. (0 Properties)

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Last updated
1 Jul 2024