For Sale
$1,200,000

203 Camden Industrial PkwyConyers, GA 30012

9,000 SF Warehouse, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add industrial property, located at 203 Camden Industrial Pkwy NW, Conyers, GA 30012, presents a compelling investment opportunity. The 9,000-square-foot warehouse sits on a 0.94-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied under a single, one-year absolute NNN lease commencing October 15, 2024, and expiring October 14, 2025, this asset offers significant upside potential. The property's current NOI is $73,200, yielding a 6.10% cap rate. However, a pro-forma analysis projects a substantial increase to a 10.00% cap rate and $120,000 NOI through lease restructuring and rent adjustments to market rates. Built in 1998, this single-story building benefits from excellent access and exposure due to its proximity to Interstate-20. The current lease presents a short-term, below-market rent situation, creating an immediate opportunity to enhance profitability. This property is ideal for investors seeking a strong cash flow with significant value-add potential through lease term extension, rent increases, and lease structure optimization. The property's location in Rockdale County, Georgia, further enhances its appeal.

Highlights

  • $1,200,000 asking price for a 9,000 SF industrial warehouse in Conyers, GA.
  • Value-add opportunity with strong in-place cash flow and a short-term lease.
  • Currently 100% occupied with a 1-year lease expiring 10/14/2025; below-market rent provides significant upside potential.
  • Located on 0.94 acres with excellent access to I-20.
  • 6.10% current cap rate, pro-forma cap rate of 10.00%.

Property Details for 203 Camden Industrial Pkwy

Property type
Warehouses, Industrial properties
Square Feet
9,000 SF
Year Built
1998
Stories
1
Lot Size (sq. ft)
40,946 SF
Units
1

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.687224416538
Longitude
-84.042750629887
203 Camden Industrial Pkwy, Conyers, Georgia

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203 Camden Industrial Pkwy
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