Sanders Equity acquired a five-building Savannah industrial portfolio for $75.1 million. The portfolio totaled 737,050 square feet. Prologis was the seller. The portfolio is fully leased to five tenants across logistics and distribution sectors.Â
The portfolio comprises properties at 405 Expansion Rd., 190 Gulfstream Rd., 194 Gulfstream Rd., 198 Gulfstream Rd. and 318 Grange Rd. The properties are positioned between 0.5 and 3.6 miles from the Port of Savannah’s Garden City Terminal, North America’s largest single-terminal container facility, providing direct access to Interstate 16, Interstate 95 and the port.
The buildings span 51.69 acres and feature clear heights ranging from 21 to 28 feet, 62 dock-high doors, eight drive-in doors and concrete truck courts measuring 109 to 162 feet. 80% of the properties include trailer parking or outdoor storage.
The JLL Capital Markets team representing the seller was led by Britton Burdette, Dennis Mitchell, Jim Freeman and Maggie Dominguez.Â
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