David Gaule has completed the $6.2 million off-market sale of a 10.0-acre Industrial Outdoor Storage (IOS) property at 290-310 Telfair Road, Savannah, Georgia. David Gaule brokered the transaction on behalf of the seller, completing the sale to Open Industrial — an institutional investment company focused exclusively on acquiring mission-critical IOS properties across the United States.

The property was sold off-market, reflecting RIVR’s ability to identify and deliver qualified institutional buyers for specialised industrial assets without the cost, delay, or competitive exposure of a public marketing process.

About the Property — 290-310 Telfair Road

Developed in 2019, 290-310 Telfair Road is a 10.0-acre fully upland IOS site offering rare Heavy Industrial (I-H) zoning within the City of Savannah — one of the most difficult-to-obtain zoning designations in the market and a significant value driver for logistics operators requiring unrestricted outdoor storage capability.

The site’s locational credentials are exceptional. It sits 4 miles from both the Ocean Terminal and Garden City Terminal of the Georgia Ports Authority — the largest single-terminal container facility in North America — and 1.3 miles from I-16, providing immediate access to the interstate highway network connecting Savannah’s port complex to markets across the Southeast and beyond. The property includes 2,400 square feet of office accommodation and offers flexible leasing optionality ranging from 1.8 acres to 7.5 acres, enabling the new owner to serve multiple tenants across different footprint requirements simultaneously.

The combination of Heavy Industrial zoning, port proximity, container stacking capability, and full upland status — with no wetland constraints limiting development or use — makes this one of the most operationally versatile IOS sites available in the greater Savannah market.

About the Buyer — Open Industrial

Open Industrial is an institutional real estate investment company operating exclusively in the IOS asset class, acquiring mission-critical industrial outdoor storage properties across major US logistics markets. The firm’s investment thesis is focused on the structural supply-demand imbalance in IOS real estate — a specialist asset class that serves the equipment storage, trailer parking, container staging, and logistics support needs of the port, trucking, and supply chain industries, and one that has attracted significant institutional capital as investors have recognised its recession-resistant income characteristics and chronic undersupply near major port and intermodal facilities.

Open Industrial’s acquisition of 290-310 Telfair Road is consistent with their strategy of targeting well-located IOS assets in high-barrier markets with demonstrable port and logistics demand. Savannah — home to the nation’s third-busiest container port by volume and one of its fastest-growing — is precisely the kind of market where institutional IOS capital is most actively deploying.

Why IOS Near the Port of Savannah Is One of the Most Sought-After Asset Classes in Industrial Real Estate

Industrial Outdoor Storage has emerged over the past five years as one of the most actively pursued asset classes in US commercial real estate, driven by the explosive growth of port volumes, e-commerce logistics, and supply chain infrastructure investment. IOS sites serve a critical function in the logistics ecosystem — providing the staging, storage, and operational space that port-adjacent trucking, drayage, container depot, and equipment operators require but increasingly cannot find near port facilities where land is scarce and zoning is restrictive.

The Port of Savannah has processed over 4.5 million TEUs annually in recent years, making it the third-busiest container port in the United States and a primary driver of industrial real estate demand across the Savannah market. The Garden City and Ocean Terminals collectively represent one of the largest concentrations of container handling infrastructure on the East Coast, and the surrounding industrial land market reflects that — Heavy Industrial zoned, fully upland, port-proximate sites like 290-310 Telfair Road are genuinely rare, and institutional investors are competing to acquire them at scale.

For owners of industrial or IOS-capable land near Savannah’s port complex, this transaction is a meaningful benchmark. The $6.2 million price achieved for a 10-acre site at this location — brokered off-market — reflects the depth of institutional demand for quality IOS assets in this submarket and the premium that well-zoned, well-located port-proximate land commands.

Industrial Sales & Acquisitions in Savannah — Talk to RIVR

RIVR RE advises on industrial real estate sales and acquisitions across the greater Savannah market, with deep expertise in port-proximate IOS, Heavy Industrial, and logistics assets. We represent both sellers seeking to maximise value and institutional and private buyers evaluating the Savannah industrial market. If you own industrial land or property near the Port of Savannah and are considering a sale, contact David Gaule directly.

Email: info@rivr.re | Phone: 912 307 9998

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