Cleanup is now underway at the Ocean Terminal at warehouse 3 went up in flames this weekend.
A news conference was held Monday afternoon with officials from the Georgia Ports Authority and Savannah Fire.
They are still waiting for claims adjusters to come out and assess the damage, but initial estimates between the damaged rubber and the facility could be nearly $10 million.
For the first time since the fire, some were allowed inside the gates to view firsthand the damage to warehouse 3.
Port officials believe about half the warehouse can be saved, but nearly 100,000 square feet of it is a total loss. Officials said the cost to rebuild that amount of warehouse is close to $7.5 million.
Officials said the only thing inside the warehouse at the time of the fire was crude rubber that was being imported to Savannah to be shipped along the Southeast U.S.
While only a portion of the rubber being stored there was damaged, it could cost more than a million dollars to replace it.
Port officials say the damage is only a small percentage of the overall terminal.
"It is our opinion that it will not impact our business we have identified alternative sources for warehousing and it will be business as usual moving forward," said Georgia Ports Authority Chief Operating Officer Griff Lynch.
Officials say it was thanks to the swift action of first responders and a crucial fire wall the kept the fire from spreading to the entire warehouse and damaging all of the rubber material inside.
Several cleanup crews are already onsite and could be there away to clear away the mess.