For Sale
$972,000

4466 Us-27LaFayette, GA 30728

GA Manufacturing Facility, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 24,480-square-foot industrial property in LaFayette, Georgia, currently leased to a single tenant under a Net Lease agreement. The property, built in 1970 and renovated in 1993, sits on a 1.45-acre lot and is zoned C-1. The building features one loading dock and one dock-high door. The current lease, commencing February 1, 2015, has a remaining term of 2.5 years with a 12-year initial term and includes a 7.5% rent bump at renewal, and a 5-year lease option. The property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $68,040, resulting in a 7.00% capitalization rate. The asking price is $972,000, or $39.71 per square foot. The tenant, established in 1976, is a leading manufacturer of ropes and related equipment. The property's location on US Highway 27 offers excellent access and visibility, situated within a thriving industrial area near other notable businesses. This is a strong, stable investment with significant upside potential. The property's APN is 03212 012.

Highlights

  • Net lease industrial property in LaFayette, GA, asking $972,000.
  • 24,480 square feet on a 1.45-acre lot, with a $39.71/SF price.
  • 7.00% cap rate, producing a $68,040 NOI.
  • 100% occupancy with a 2.5-year remaining lease term (12-year lease, commencing 02/01/2015, with a 7.5% rent bump at renewal and a 5-year lease option).
  • Single-tenant building, built in 1970 and renovated in 1993, zoned C-1.
  • One loading dock with one dock-high door.

Property Details for 4466 Us-27

Property type
Warehouses, Industrial properties
Square Feet
24,480 SF
Year Built/Renovated
1970/1993
Buildings
1
Lot Size (sq. ft)
63,162 SF

Location Insight

City
LaFayette
County
Walker
State
Georgia
Latitude
34.771413009436
Longitude
-85.257493442732
4466 Us-27, LaFayette, Georgia

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4466 Us-27
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