- Address: 100 Redfern Village, Unit 4, St. Simons Island, GA 31522
- Leased to Engel and Volkers, a national real estate company
- Five-year, three month lease with initial rental rate of $4,200 per month, increasing to $4,305 on November 1, 2019. Five year option starting at $4,412 per month in November of 2022.
Expenses to the landlord include $300 per month condo association fee and real estate taxes, which were $3,840 last year.
- 5.93% cap rate based on Initial NOI of $42,960
- Two-story retail building in Redfern Village on St. Simons Island
- 1,700± SF downstairs & 1,000± SF upstairs
- Asking Price: $725,000
Contact: Russell Sweat
Office: 912-634-5900 x 102