For Sale
$4,156,000

1830 Airport Industrial Park DrMarietta, GA 30060

High-Yield Flex Space, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 26,877 square foot flex industrial property, located at 1830 Airport Industrial Park Dr SE in Marietta, Georgia (30060), presents a compelling investment opportunity. The property boasts a 6.50% cap rate and a strong net operating income (NOI) of $270,127, with a current asking price of $4,156,000 ($154.63/sq ft). Built in 1971 and situated on a 1.37-acre lot, the property features 59 parking spaces and is fully occupied under multi-tenant leases. The permitted zoning is LI - Light Industrial, offering flexibility for various uses. Key features include a brand new roof, a large monument sign providing excellent visibility, and convenient access to major transportation arteries: Interstate-75 (329,000 vehicles per day) and Interstate-285 (225,000 vehicles per day). The property benefits from a strong demographic profile within a 5-mile radius, including an affluent population with high average household incomes. The fee simple ownership includes both land and building, offering significant long-term value. Below-market rents present a value-add opportunity for future income growth. All leases are NNN (triple net) leases. The property's APN is 17071000080.

Highlights

  • 100% Occupancy.
  • Below-market rents offer immediate value-add potential.
  • NNN leases minimize landlord responsibilities.
  • Fee simple ownership provides complete control.
  • New roof recently installed.
  • High-visibility property with a large monument sign.

Property Details for 1830 Airport Industrial Park Dr

Property type
Industrial properties, Flex space
Square Feet
26,877 SF
Year Built
1971
Lot Size (sq. ft)
59,677 SF

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.907701
Longitude
-84.4944413
1830 Airport Industrial Park Dr, Marietta, Georgia

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1830 Airport Industrial Park Dr
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