1263 Blount Crossing Rd, Darien, GA 31305
40 Unit Apartment Building | $1,800,000 ($45,000/Unit) | 6.86% Cap Rate | Darien, GA 31305
For Sale
Active
Asking Price $1,800,000
- Property Type
-
Multifamily
- Square Feet
- 50,000 SF
Listing Contacts
- Property Info
Property Overview
Marcus & Millichap is pleased to present Blount Crossing Apartments. Conveniently located in the City of Darien, off Highway 17, 2 miles from the Darien River and 20 miles from downtown Brunswick. Consisting of 26 2-Bed 1-Baths, 12 3-Bed 2-Baths, and 2 1-Bed 1-Bath. This 40-unit property provides residents with an affordable option combined with modern interiors in an emerging job market. Blount Crossing has the option to go through the qualified contract policy to be released from its extended use period.
The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.
The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.
Property Details
- Class
- B
- Year Built
- 2002
- Stories
- 2
- Lot Size (sq. ft)
- 179,903 SF
- Units
- 40
Highlights
- Emerging Job Market
- Extended Use Period Expires 2033
- Located 20 Miles From Downtown Brunswick
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