Primed Value-Add in High Growth Savannah Corridor

203 Magnolia Blvd | Port Wentworth, GA 31407

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Property Overview

360

Units

2009/2017

Year built

963 SF

Avg. Unit Size

$1,564

Market Rent 

$1,435

Effective Rent

Investment Drivers  

DIFFERENTIATED LOW-DENSITY PRODUCT BELOW REPLACEMENT COST 

The property features a unique mix of two-story buildings with direct front-porch entries and three- and four-story elevatored garden-style buildings within a low-density site plan. This unique product offering, coupled with pricing at an attractive discount to replacement cost, creates a compelling competitive advantage within the market. 

100% OF UNITS ELIGIBLE FOR VALUE-ADD

The majority of units feature predominantly original finishes from their construction. With $300+ in headroom to market leading comps, there is clear support for $120+ average monthly rent premiums through select value-add interior upgrades.

LOCATED WITHIN THE RICE HOPE MASTER PLANNED COMMUNITY

The property is located within the 750-acre master planned Rice Hope community walkable to Rice Creek K-8 Elementary (7/10 GreatSchools.org rating) and a Publix shopping center.

MAJOR INFRASTRUCTURE AND AMENITY INVESTMENTS DRIVING PORT WENTWORTH GROWTH

The new Effingham Parkway and Blue Jay Road extension will improve access to surrounding employment including, 8,500+ jobs at the Hyundai Metaplant. Additionally, the Anchor Park amphitheater and sports complex has introduced a premier lifestyle and recreation amenity, further elevating Port Wentworth’s appeal to residents and renters alike.

PROXIMATE TO 70% OF SAVANNAH’S 164 MILLION SF OF INDUSTRIAL EMPLOYMENT CENTERS

Located within a short commute to 113M SF of industrial, manufacturing, logistics, and port-related employment. Approximately 25% of residents work for major employers including Hyundai, Gulfstream, the Port, and regional distribution centers, while Sewon America, a key Hyundai supplier with approximately 740 employees, is located just 12 minutes from the property.

FAVORABLE TAX ADVANTAGE SUPPORTS RETURNS

The property’s Port Wentworth location provides a substantially lower tax burden. Port Wentworth’s tax rate of 33.065 mills is approximately 23% lower than Savannah’s 40.538 mills, supporting stronger cash flow and enhanced long-term value creation.

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contact us

Office location
121 Calhoun Street
Suite 200
Charleston, SC 29401

Investment Sales

Jim Sewell
Senior Managing Director
843.806.4400
[email protected]
DRE License #41360

Dave Lansbury
Senior Managing Director
571.212.0501
[email protected]
DRE License #95120

Erika Maston
Managing Director
843.806.4394
[email protected]
DRE License #121194

Wilson Jones
Associate Vice President
501.249.2995
[email protected]
DRE License #144887

Mortgage Banking 

Charles J. Foschini
Senior Managing Director
305.267.6608
[email protected]

Christopher Apone
Managing Director
786.646.2590
[email protected]

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