FLEETPRIDE 2520 Jake Dr 12,000 SF 100% Leased Industrial Building Cumming, GA 30028 $2,350,000 ($195.83/SF)
INVESTMENT HIGHLIGHTS
- The property is leased to FleetPride on a long-term lease with 4 years remaining, offering stability with potential for value appreciation.
- The subject property was constructed in 2004 and consists of 8 grade-level doors, a small office space, and ±2 acres of outdoor storage.
- Within a 5-mile radius, the population is approximately 177,343 with projections indicating growth to approximately 189,281 by 2028.
- Seller financing is available, providing a unique opportunity for investors to acquire this industrial property with flexible terms.
- Strategically located in the GA-400 corridor, the property offers exceptional access to major transportation routes.
- Tenants currently occupy the property at below-market rental rates, presenting an opportunity to increase NOI through lease restructuring.
EXECUTIVE SUMMARY
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $2,350,000 |
| Price Per SF | $195.83 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2004 |
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PROPERTY TAXES
| Parcel Number | 076-130 | Improvements Assessment | $301,944 |
| Land Assessment | $153,600 | Total Assessment | $455,544 |
