Industrial Sale in Georgia

 

ATLANTA — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, represented the seller in the disposition of 4850 Massachusetts Boulevard and 1926 Hyannis Court, College Park, GA, a multi-tenant industrial and outdoor storage property. Matthews™ Vice President and Associate Director Harrison Auerbach managed the transaction.

 

The industrial buildings, totaling 75,500 square feet across 5.88 acres, are strategically located adjacent to the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport. This transportation hub, which saw approximately 105 million passengers in 2023, was a unique selling point. The current tenants, Model 1 and ABM operate on short-term leases with below-market rents. They rely heavily on the property’s proximity to the airport, having obtained exclusive contracts for bus maintenance, security operations, and cleaning.

 

Matthews™ sourced the buyer through the company’s proprietary database. Auerbach’s launch of a national marketing campaign was a key factor in the successful sale, leading to a competitive bidding process with offers received from across the U.S.

 

“Our client owned one of the closest privately owned properties to the busiest airport in the world,” Auerbach said. ” Prior to us taking the property to market, the seller had received numerous off-market offers. I was able to explain the effectiveness of a national marketing campaign for an irreplaceable piece of real estate like this. In just three weeks of marketing, we generated almost 20 LOIs, ultimately closing with an all-cash, out-of-state buyer with strong terms.”

 

Auerbach negotiated favorable terms, such as significant earnest money as well as a short escrow period.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.