PROPERTY DETAILS

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Property Description

FREESTANDING 22,500 SF WAREHOUSE SITS ON JUST OVER 1 ACRE OFF PEACHTREE ST, IS CURRENTLY 100% LEASED AT WAY BELOW MARKET RENTS (avg $3.52/sf). PRICED AT LESS THAN $45/SF, HAS SHORT TERM (LESS THAN 6 MOS) TENANTS AND YET SILLL PROVIDES A 6 TO 7% CAP RATE! Built to be (12) individual 1,750sf bays w/ the last attached to 1,400sf of office space on the end of the building, but now configured as (1) 4,900 sf suite which has 1,400sf of office included, (3) 3,500 sf double suites, and (3) 1,750 suites (2 of which are a bit smaller as they have rear hallway to a shared common bathroom); all individual front doors and entrys still in place to facilitate division of existing units. Featuring 15ft plus/minus clear height, completely clear span (no columns throughout entire building), w/ (9) large 15ft wide overhead doors facing Peachtree St, (3) units w/ individual private restrooms (2 of these w/ showers), and (3) additional units w/ access to shared mens and womens restrooms. Owner has current Phase I & Phase II environmentals and survey.

Property Features

• Concrete block stucco
• Central air conditioning
• Central heat
• Public water supply
• Lot size is between 1 and 2 acres