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249 Milton Ave

22,500 SF Industrial Building Atlanta, GA 30315 $3,500,000 ($156/SF)

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Investment Highlights

4.53% - 6% Cap Rate over a 5 1/2 year term | ±1.47 Acre Site | High Density Mixed Use | Close Proximity to ATL Beltline
Ideal Redevelopment site for Multifamily, Office/Warehouse, Mixed Use, Flex
Located in an Opportunity Zone | Fenced Property | Built 1943

Desirable & Versatile I-1 Light Industrial Zoning | Part of the Beltline Overlay District in Chosewood Park Neighborhood
Close by Summerhill which is home to the 565 Hank, a new Multifamily development along with the future site for Publix
Near Beacon & The Grant Park Neighborhood | Neighbors many new Multifamily Developments

Executive Summary

Berkshire Hathaway is pleased to offer the opportunity to acquire the fee simple interest (land & buildings ownership) in a fully-leased office/warehouse building located at 249 Milton Ave SE, Atlanta, Ga 30315. The Property is situated on approximately ±1.47 pad ready acre site with a ±18,145 office/warehouse building. The building is fully leased with established Tenants in place. The leases feature rental escalations that increase the NOI over time and hedge against inflation. The property boasts major upside and growth because of its location in an Opportunity Zone. Opportunity Zones are formed to spur economic growth and create jobs while providing tax benefits to investors.

249 Milton_offering memorandum

Offering Memorandum

Property Facts

Price	$3,500,000	No. Stories	1
Price Per SF	$156	Year Built	1943
Sale Type	Investment or Owner User	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.58/1,000 SF
Property Subtype	Warehouse Industrial Distribution OfficeLoft Creative Space FlexLight Distribution	Clear Ceiling Height	14 FT
Building Class	C	No. Drive In / Grade-Level Doors	2
Lot Size	1.47 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	22,500 SF

Price	$3,500,000
Price Per SF	$156
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution OfficeLoft Creative Space FlexLight Distribution
Building Class	C
Lot Size	1.47 AC
Rentable Building Area	22,500 SF
No. Stories	1
Year Built	1943
Tenancy	Single
Parking Ratio	0.58/1,000 SF
Clear Ceiling Height	14 FT
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Bus Line

Fenced Lot

MAJOR TENANTS

Mckonnen Abebe
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3,000 SF
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Transportation and Warehousing
14,395 SF
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