
Primed Value-Add in High Growth Savannah Corridor
203 Magnolia Blvd | Port Wentworth, GA 31407
Visit Doc CenterProperty 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.
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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