1127 Chattanooga StLaFayette, GA 30728
- Industrial properties
- 15,000 SF
Property Details for 1127 Chattanooga St
- Year built
- 1975
- Lot size
- 2.70 AC
- Property size (Sq ft)
- 15,000 SF
- Zone code
- I2
- Property type
- Industrial properties
- Property subtype
- Other industrial properties
- APN
- 1060 006A
- APU
- 1060006A
Description
This exceptional investment opportunity presents a fully leased, 16,000-square-foot industrial property located at 1127 S Chattanooga St, LaFayette, GA 30728. The property, situated on a 2.7-acre lot and zoned I2, features one single-story building with three dock-high doors and ceiling heights ranging from 18 to 22 feet. Originally constructed in 1975 and extensively renovated in 2024, the property boasts a 100% occupancy rate with a credit-rated tenant under a triple-net (NNN) lease. The current lease, commencing April 1, 2024, and expiring April 1, 2031, includes a 7-year term with a 3% annual rent increase. The asking price is $1,200,000, representing a compelling $75 per square foot and a 6.18% capitalization rate. The property's strong tenant, a significant annual net operating income (NOI) of $74,160, and the long-term lease provide exceptional stability and potential for future growth. This is a rare opportunity to acquire a high-quality, fully leased industrial asset in a desirable location with a proven track record of success. The property's recent renovation ensures modern functionality and efficiency, making it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The property's location in Walker County, Georgia, offers convenient access to major transportation routes and a thriving industrial market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $3,631,367
- Hospitality
- $3,326,313
- Educational
- $2,767,453
- Medical
- $2,862,630
- Retail
- $4,304,927
Location Insight
- City
- La Fayette
- County
- Walker
- State
- Georgia
- Latitude
- 34.6909
- Longitude
- -85.2969
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].