For Sale
$1,975,000

1403 Iris DrConyers, GA 30013

High-Yield Flex Space in Conyers, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 18,648-square-foot multi-tenant industrial flex property, located at 1403 Iris Dr SE in Conyers, Georgia (zip code 30013), presents a compelling value-add investment opportunity. Currently boasting 100% occupancy and a strong 9.30% capitalization rate based on the current net operating income, this asset offers significant potential for increased profitability through strategic lease adjustments. The property is zoned C2 (General Commercial District) within Rockdale County, allowing for a diverse range of uses. The asking price is $1,975,000, translating to $105.91 per square foot. The building operates under a modified lease structure. This well-located property provides immediate cash flow and the potential for long-term appreciation. Its multi-tenant nature mitigates risk and offers a diversified income stream. The property's flexible zoning and existing tenant base make it an attractive investment for both seasoned and emerging investors seeking a strong return in the thriving Conyers market. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential. The property's location in Rockdale County, Georgia offers easy access to major transportation routes, further enhancing its appeal and investment value. Serious inquiries are encouraged.

Highlights

  • $1,975,000 asking price.
  • 18,648 square foot industrial flex building.
  • $105.91 per square foot price.
  • 9.30% cap rate.
  • 100% occupancy.
  • Multi-tenant property with value-add potential through lease modifications.

Property Details for 1403 Iris Dr

Property type
Industrial properties, Flex space
Square Feet
18,648 SF

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.648859
Longitude
-83.9992306
1403 Iris Dr, Conyers, Georgia

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1403 Iris Dr
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