Abbotts Bridge Office | Owner User/Investment | 4168 Abbotts Bridge Rd
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Abbotts Bridge Office | Owner User/Investment 4168 Abbotts Bridge Rd
7,368 SF Vacant Office Building Duluth, GA 30097 $1,650,000 ($224/SF) 5.92% Cap Rate
Investment Highlights
- LightSpeed Automation (tenant) is open to an early termination of their lease and negotiating a buyout of their lease.
- Absolute Triple Net Lease with 2 renewal option of 2 years each at 3% base rent increase annually with no landlord responsibilities.
- Affluent average 1-mile household income of $139,618 and is expected to increase by 16.55% in the next 5 years
- Excellent opportunity for an investor or an owner/user long term.
- Upside potential by increasing the rent to market if the tenant does not renew. The building can be easily divided into 3 suites.
- Good visibility with over 15,500 VPD on Abbotts Bridge Road, GA 120 and over 19,800 VPD on Peachtree Industrial Boulevard.
Executive Summary
LightSpeed Automation, LLC, located at 4168 Abbotts Bridge Road, Duluth, GA 30096, is a leading provider of automated solutions tailored for retail markets. The company excels in enhancing order picking processes, especially for ecommerce businesses, through innovative technology that boosts efficiency and accuracy. The property housing LightSpeed Automation is strategically situated in Duluth, offering excellent accessibility and visibility, making it an ideal location for tech and logistics operations. The facility supports their commitment to high-quality customer service and operational excellence.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Telecom Hotel/Data Hosting
Building Size
7,368 SF
Building Class
B
Year Built
2002
Price
$1,650,000
Price Per SF
$224
Cap Rate
5.92%
NOI
$97,638
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,368 SF
Building FAR
0.19
Lot Size
0.88 AC
Zoning
O1 - Office Institutional
Parking
25 Spaces (3.39 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 6-323-019 | Improvements Assessment | $351,320 |
Land Assessment | $71,160 | Total Assessment | $422,480 |
PROPERTY TAXES
Parcel Number
6-323-019
Land Assessment
$71,160
Improvements Assessment
$351,320
Total Assessment
$422,480
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Abbotts Bridge Office | Owner User/Investment | 4168 Abbotts Bridge Rd
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