For Sale
$2,275,000

1973 Ga-138Conyers, GA 30013

13,980 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity presents a 13,980-square-foot flex industrial building situated on a 4.59-acre lot in Conyers, Georgia. Currently 100% occupied by seven tenants, generating a current NOI of $147,040 and a 6.46% cap rate, this property offers significant upside potential. A pro-forma NOI of $255,000 projects an impressive 11.21% cap rate, highlighting the substantial value-add potential. The property features four loading docks and is zoned M1, allowing for flexible end uses including outdoor storage, laydown yards, and ample truck/trailer parking. The building consists of three units within a single, one-story structure. Strategically located approximately two miles from I-20 and fifteen miles from I-285, this low-coverage, infill property benefits from excellent access to major transportation arteries within the I-20 East/Rockdale submarket of metro Atlanta. The asking price is $2,275,000, representing a price per square foot of $162.73 and a price per unit of $758,333.33. This multi-tenant, industrial investment presents a compelling opportunity for significant returns. The property's strong tenancy and prime location make it an attractive investment for both seasoned and emerging investors seeking substantial returns in the thriving Atlanta market.

Highlights

  • Asking price: $2,500,000.
  • 6% capitalization rate.
  • 100% leased multi-tenant value-add investment opportunity.
  • 13,980 square foot warehouse building.
  • 4.59-acre lot.
  • Low-coverage infill property near I-20 in Atlanta's I-20 East/Rockdale submarket.

Property Details for 1973 Ga-138

Property type
Industrial properties, Flex space
Square Feet
13,980 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
199,940 SF
Units
3

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.6728231
Longitude
-83.9788079
1973 Ga-138, Conyers, Georgia

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1973 Ga-138
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