Colliers International has been retained on an exclusive basis to sell WestPort One, a brand new, state-of-the-art bulk distribution facility that is 100% leased to two tenants: Alliance Tires Americas, Inc. d/b/a “Alliance Tire Group” and GFA, Inc. The 312,000 square foot core asset, completed in Q3 2016 by Panattoni, was a speculative build and 100% leased upon delivery. The rent roll consists of two tenants with mission critical operations at the Property, providing a weighted average remaining lease term of 5.35 years. The tenant stories are excellent as the larger tenant’s (Alliance Tire Group) lease is guaranteed by its parent company Alliance Tire Company, LTD, (a 100% subsidiary of Yokohama), and GFA, Inc.’s use is for their long standing client Hyosung.
The Property benefits greatly from its proximity to the Port of Savannah’s Garden City Terminal (1.8 miles), the largest single container terminal in North America, and the Savannah/Hilton Head International Airport (adjacent). The Property offers an extremely high standard of modern industrial construction, including 32’ clear height, cross-dock configuration for a majority of the building, ESFR fire protection, T-5 lighting with motion sensors, 52’x45’ columns with 60’ speed bays, and 300’ building depth. WestPort One’s superior construction and geographic advantage exceed any existing or incoming competition.
WestPort One presents investors with an incredible opportunity to acquire a brand new, core, state-of-the-art, bulk distribution facility that is 100% leased, in the most desirable port-centric location in the Savannah industrial market.
BRAND NEW, INSTITUTIONAL QUALITY ASSET
COMPELLING MARKET FUNDAMENTALS
NNN LEASE STRUCTURES AND 2.5% ANNUAL INCREASES
REMARKABLE ACCESS
CRITICAL, STRATEGIC PORT ACCESS ANCHORS THE TENANT STORY
PORT OF SAVANNAH: FASTEST GROWING PORT IN THE COUNTRY
- Property Type
Industrial
- Year Built
2016
- Total Building Size
312,000RSF
- Total Acres
33.1
- Building Class
A
- Property ID
1152309
