For Sale
$6,500,000

105 Maple StRossville, GA 30741

204,000 SF Multi-Tenant Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 204,000 square foot industrial property, situated on 7.07 acres in Rossville, Georgia, presents a compelling investment opportunity. The Class B building, constructed in 1950 and renovated in 2019, boasts a three-story design and is currently 80% occupied by ten tenants under a NNN lease structure. The property features seven loading docks, including four dock-high doors, and offers a 22-foot ceiling height, ideal for various industrial uses including distribution, flex, and warehouse operations. The asking price is $6,500,000, representing a price per square foot of $31.86, with a current NOI of $279,343 and a 4.30% cap rate. Pro forma projections indicate a significantly higher NOI of $584,118 and an 8.99% cap rate, reflecting the potential for increased occupancy and rental income. The property benefits from its strategic location, offering easy access to Interstates 75 and 24, providing seamless connectivity to regional and national transportation networks. The 3% annual rent bumps ensure consistent income growth. Ample parking and secure site access further enhance the property's appeal. The property is zoned for industrial use and has a Walker County APN of 2007 004. This asset offers both immediate returns and significant long-term growth potential.

Property Details for 105 Maple St

Property type
Warehouses, Industrial properties
Square Feet
204,000 SF
Class
B
Year Built/Renovated
1950/2019
Buildings
1
Stories
3
Lot Size (sq. ft)
307,969 SF

Location Insight

City
Rossville
County
Walker
State
Georgia
Latitude
34.97924555732
Longitude
-85.292690241818
105 Maple St, Rossville, Georgia

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105 Maple St
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