For Sale
$3,675,000

2020 Grassland Pkwy Alpharetta, GA 30004

Prime Alpharetta location, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 17,500-square-foot distribution facility in Alpharetta, Georgia, presents a rare owner-user opportunity. Located at 2020 Grassland Pkwy, Forsyth County, zip code 30004, this 2004-built industrial building boasts high-quality construction, including masonry exterior, 4 dock-high doors, and one grade-level door, plus ±22' clear heights. The property sits on a substantial 2.81-acre lot (APN 040 138), zoned M1, offering significant expansion capabilities and ample outdoor storage potential—a highly sought-after feature in this market. With a total building square footage of 122,404 square feet and a net rentable area of 17,500 square feet, the asking price is $3,675,000 ($210/sq ft). The land value is $30.02 per square foot. The property benefits from its irreplaceable location within one mile of State Route 9 and close proximity to GA-400, providing excellent access to major transportation arteries. This Alpharetta submarket is experiencing historically low vacancy rates and strong rental rate growth, making this a compelling investment for owner-occupiers seeking a high-quality, strategically located industrial asset with expansion potential. The limited supply of industrial space under 20,000 square feet in this area further underscores the unique value proposition of this property.

Highlights

  • Prime Alpharetta Location: Excellent access to GA-400 and SR 9 in a high-appreciating submarket.
  • Owner-User Opportunity: Rarely available sub-20,000 SF industrial space ideal for various users.
  • High-Quality Construction: Well-maintained 2004 building featuring masonry construction, 4 dock-high doors, 1 grade-level door, and 22' clear heights.
  • Significant Expansion Potential: 2.81-acre lot with 14.3% coverage ratio allows for future building expansion and/or outdoor storage in a highly sought-after market.
  • Strong Submarket Fundamentals: Extremely low vacancy rates and high rental rates due to limited supply and strong tenant demand.

Property Details for 2020 Grassland Pkwy

Property type
Industrial properties, Distribution centers
Square Feet
122,404 SF
Year Built
2004
Lot Size (sq. ft)
122,404 SF

Location Insight

City
Alpharetta
County
Forsyth
State
Georgia
Latitude
34.1421133
Longitude
-84.2397959

FAQs

What type of property is this?
Industrial property - Prime Alpharetta location, owner-user opportunity.
Where is the industrial property located?
The property is located at 2020 Grassland Pkwy Alpharetta, GA.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: Prime Alpharetta Location: Excellent access to GA-400 and SR 9 in a high-appreciating submarket.; Owner-User Opportunity: Rarely available sub-20,000 SF industrial space ideal for various users.; High-Quality Construction: Well-maintained 2004 building featuring masonry construction, 4 dock-high doors, 1 grade-level door, and 22' clear heights.
How can I contact the broker?
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2020 Grassland Pkwy
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