Airport Industrial Park | 100% Occupied 1830 Airport Industrial Park Dr

26,877 SF 100% Leased Flex Building Marietta, GA 30060 $4,356,000 ($162/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • 100% Occupied | Below Market Rent | Value-Add Opportunity | NNN Leases in Nature | Fee Simple Ownership | Brand New Roof
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI
  • Large Monument Sign | Excellent Visibility & Access | Close to Interstate-75 (329,000 VPD) & Interstate-285 (225,000 VPD)

EXECUTIVE SUMMARY

• The property is fully leased
• Within limited zoning district overlay that allows auto repair creating a competitive advantage
• Average rents are below market for the Southeast Cobb County/Marietta submarket
• The offering features upside through bringing existing tenants’ rent to market
• Leases are NNN in nature, limiting expense exposure for a new owner
• High historical occupancy
• Entire roof replaced in 2024, the EPDM roof is covered under warranty through 6/2044

PROPERTY FACTS

Price $4,356,000
Price Per SF $162
Sale Type Investment NNN
Cap Rate 6.50%
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Freestanding
Building Class C
Lot Size 1.37 AC
Rentable Building Area 26,877 SF
No. Stories 1
Year Built 1971
Parking Ratio 2.2/1,000 SF
Clear Ceiling Height 20’
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes

PROPERTY TAXES

ZONING

Zoning Code LI (Light Industrial)
  • Listing ID: 32893149

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 1830 Airport Industrial Park Dr, Marietta, GA 30060