VALUE ADD OPPORTUNITY – Tenant is operating on short-term leases with below market rents with room to improve and increase the NOI, giving an owner the chance to either restructure the leases or reposition the asset.
HIGH-QUALITY FACILITY – The subject property consists of 31,200 SF and features 2 dock-high and 2 grade-level doors. In addition, the large 2.83-acre lot offers great potential for future expansion or outside storage.
EXCELLENT LOCATION – Strategically located in the thriving community of Norcross, GA, the property enjoys excellent access to major transportation routes, including proximity to Peachtree Industrial Blvd and I-85. Notable industrial neighbors include Norcross Roofing Supply, Atlanta Restaurant Equipment, and Georgia Chemical
Equipment Company, Inc., underscoring the property’s appeal within a robust industrial hub.
ROBUST DEMOGRAPHICS – The population of Norcross is expected to grow to approximately 251,667 residents over the next five years. Within a five-mile radius, the average household income exceeds $77,149, while annual consumer spending surpasses $2.6 billion. These strong economic indicators drive long-term demand for industrial space, with rising incomes and high consumer expenditures reinforcing the area’s market strength.
MARKET FUNDAMENTALS – The submarket has experienced limited new industrial supply over the past 18 months, leading to tighter vacancies and upward pressure on rental rates. This trend underscores the value of well-located assets like this property, which can capitalize on rising market demand.