58k SF Value-Add Industrial Conyers, GA
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58k SF Value-Add Industrial Conyers, GA
7 Industrial Properties Offered at $6,000,000 in Conyers, GA
Investment Highlights
- Prime Investment Opportunity with Significant Value-Add Potential
- Short-Term Remaining on Most Leases | All Gross Leases with No Options & Below Market Rents
- Excellent Access & Exposure | Located in Close Proximity to Interstate-20
- Strong, In-Place Cash Flow
- Value-Add by Converting Leases to NNN, Raising Rents to Market, Extending Terms, & Filling Vacancies
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the General Arts Road Industrial Park, located in Conyers, Georgia . This value-add industrial center is comprised of 7 buildings that total 58,000+ square-feet and rest on a combined 6.23 acres across 7 adjacent lots . The asset is occupied by a diverse tenant mix, with the majority on short-term net leases for a true value-add opportunity. General Arts Industrial Park offers substantial value-add opportunity by raising rents, converting leases to NNN, extending terms, and filling vacancies.
Property Facts
Price | $6,000,000 | Number of Properties | 7 |
Price / SF | $97.20 / SF | Individually For Sale | 0 |
Cap Rate | 6.36% | Total Building Size | 61,730 SF |
Sale Type | Investment | Total Land Area | 6.12 AC |
Status | Active |
Price | $6,000,000 |
Price / SF | $97.20 / SF |
Cap Rate | 6.36% |
Sale Type | Investment |
Status | Active |
Number of Properties | 7 |
Individually For Sale | 0 |
Total Building Size | 61,730 SF |
Total Land Area | 6.12 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
1601 General Arts Rd NW, Conyers, GA 30012 | Industrial | 4,661 SF | 1987 | - |
1507 General Arts Rd NW, Conyers, GA 30012 | Industrial | 4,000 SF | 1986 | - |
1505-A General Arts Road
1505 General Arts Rd, Conyers, GA 30012 |
Industrial | 13,500 SF | 1985 | - |
1509 General Arts Rd NW, Conyers, GA 30012 | Industrial | 11,500 SF | 1986 | - |
1604 General Arts Rd NW, Conyers, GA 30012 | Industrial | 9,000 SF | 1984 | - |
1605 General Arts Rd NW, Conyers, GA 30012 | Industrial | 7,000 SF | 1982 | - |
1607 General Arts Rd NW, Conyers, GA 30012 | Industrial | 12,069 SF | 1980 | - |
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58k SF Value-Add Industrial Conyers, GA
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