1061 Industrial BlvdUnion Point, GA 30669

Property Details for 1061 Industrial Blvd

Year built

1970

Construction

STEEL FRAME

Lot size

11.94 AC

Property size (Sq ft)

110,286 SF

Property type

Office properties

APN

U09-0-00-001-0

APU

U090000010

Description

This exceptional value-add investment opportunity comprises three strategically located industrial properties in Georgia. The portfolio includes a diverse mix of distribution, warehouse, and manufacturing spaces totaling 33,200 to 176,802 square feet across three locations. The properties boast a 100% occupancy rate, secured by a tenant specializing in environmental solutions. Built between 1957 and 1970, these Class C buildings have undergone significant renovations in recent years (1970, 1975, and 2022), enhancing their functionality and appeal. The portfolio features a range of amenities, including multiple dock doors (ranging from 4 to 7, including grade-level access), perimeter fencing, and substantial recent capital expenditures, including roof replacements and office renovations. The properties are situated on sizable lots ranging from 3.9 to 11.94 acres, with zoning designations including Industrial, LI, and HI. Two properties are conveniently located in the Augusta MSA, while the third is in Union Point, GA, just an hour away. This portfolio presents a compelling investment opportunity with strong potential for future appreciation. The asking price for this entire portfolio is $12,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $20,190,532

  6.5%

  $18,637,414

  7%

  $17,306,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,644,863

  Geo Method

  $12,644,863

• Alternative Use

  Use

  Valuation

  Residential

  $23,110,394

  Hospitality

  $21,168,996

  Educational

  $17,612,356

  Medical

  $18,218,072

  Retail

  $27,396,998

Location Insight

City

Union Point

County

Greene

State

Georgia

Latitude

33.6133

Longitude

-83.0803

Property Tax & Assessments

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