203 Camden Industrial PkwyConyers, GA 30012

Property Details for 203 Camden Industrial Pkwy

Year built

1998

Construction

STEEL FRAME

Lot size

0.94 AC

Property size (Sq ft)

8,160 SF

Zone code

M1

Property type

Industrial properties

Property subtype

Other warehouses

APN

041-0-01-0209

APU

410010209

Description

This exceptional value-add industrial property, located at 203 Camden Industrial Pkwy NW, Conyers, GA 30012, presents a compelling investment opportunity. The 9,000-square-foot warehouse sits on a 0.94-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied under a single, one-year absolute NNN lease commencing October 15, 2024, and expiring October 14, 2025, this asset offers significant upside potential. The property's current NOI is $73,200, yielding a 6.10% cap rate. However, a pro-forma analysis projects a substantial increase to a 10.00% cap rate and $120,000 NOI through lease restructuring and rent adjustments to market rates. Built in 1998, this single-story building benefits from excellent access and exposure due to its proximity to Interstate-20. The current lease presents a short-term, below-market rent situation, creating an immediate opportunity to enhance profitability. This property is ideal for investors seeking a strong cash flow with significant value-add potential through lease term extension, rent increases, and lease structure optimization. The property's location in Rockdale County, Georgia, further enhances its appeal.

• Alternative Use

  Use

  Valuation

  Residential

  $2,006,843

  Hospitality

  $1,838,257

  Educational

  $1,529,408

  Medical

  $1,582,007

  Retail

  $2,379,080

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6872

Longitude

-84.0434

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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