Act Global 410 S River St
210,000 SF Industrial Building Calhoun, GA 30701 $5,950,000 ($28.33/SF) 7.10% Cap Rate
EXECUTIVE SUMMARY
410 S. River Street consists of approximately 10.96 acres of land, a +/- 210,000 sqft warehouse/industrial building that was built in 1968 and renovated in 1983. The facility is leased to ACT Global (www.actglobal.com). The lease commenced on June 1, 2018 for a ten year period. Upon the lease expiration (May 31, 2028), the tenant has 2 five-year option periods. The lease is NNN with 2% annual escalations. The topography is relatively flat and the building is one story. The building is sprinkled and has a total of 12 operational drive-in/dock doors of various sizes and locations: the south side of the property has six 8x10 dock doors with levelers; the east side (rear) of the building has two 12x14 drive in doors, two 10x10 dock doors and one 8x10 dock door; and the west side (front of building) has one 8x10 dock door. Property is zoned Light Industrial.
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PROPERTY FACTS
| Price | $5,950,000 |
| Price Per SF | $28.33 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 10.96 AC |
| Rentable Building Area | 210,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/1985 |
| Tenancy | Single |
| Clear Ceiling Height | 28’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Storage Space
UTILITIES
- Lighting
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,776,920 | |
| Land Assessment | $140,600 | Total Assessment | $1,917,520 |
ZONING
| Zoning Code | LI (Light Industrial) |
