For Sale
$1,500,000

1466 Central AveEast Point, GA 30344

8,050 SF Flex Warehouse, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This ±8,050 square foot freestanding warehouse in East Point, Georgia, is available for sale for $1,500,000. The property boasts a strong 8% cap rate and a current NOI of $120,000, with 100% occupancy under a triple net (NNN) lease. The building, situated on a 0.43-acre lot, features 12 parking spaces, one loading dock with one dock-high door, and a generous 18-foot ceiling height. The interior comprises approximately 2,200 square feet of office space and 5,850 square feet of warehouse space, divisible by four removable interior walls. Both the office and warehouse areas include bathrooms. The building also offers eight drive-in doors and fenced outside storage. Zoned I-1, this multi-tenant property (currently with one tenant) offers a lease commencement date of October 1, 2024. Its prime location on Central Avenue in East Point provides easy access to I-85/75 and Hartsfield-Jackson Atlanta International Airport, making it an ideal investment opportunity for owner-occupants or investors seeking strong cash flow. The building is well-maintained and presents a versatile space suitable for a variety of businesses.

Highlights

  • ±8,050 SF freestanding warehouse in East Point, GA, on a 0.43-acre lot.
  • $1,500,000 asking price with an 8% cap rate and $120,000 NOI.
  • 100% occupancy under a NNN lease; lease commencement October 1, 2024.
  • Features ±2,200 SF of office space and ±5,850 SF of warehouse space, divisible by interior walls; 8 drive-in doors, 1 dock-high door, 12 parking spaces, 18' clear height, fenced outside storage.
  • Excellent location with easy access to I-85/75 and Hartsfield-Jackson Atlanta International Airport.

Property Details for 1466 Central Ave

Property type
Warehouses, Industrial properties
Square Feet
8,050 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
18,731 SF
Units
4

Location Insight

City
East Point
County
Fulton
State
Georgia
Latitude
33.669701905794
Longitude
-84.436874978618
1466 Central Ave, East Point, Georgia

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1466 Central Ave
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