Matthews Logo

Navigation Menu

5315 Oakbrook Pkwy, Norcross, GA, 30093

5315 OAKBROOK PARKWAY
Closed

Key Information

Tot. SF
10,476
Year Built
1984
Type
Industrial

Highlights

INVESTMENT HIGHLIGHTS

  • IRREPLACEABLE LOCATION – Situated in Norcross, GA within the Atlanta MSA, this property offers strategic access to major transportation routes, including Oakbrook Parkway, Jimmy Carter Boulevard, and Interstate 85—key arteries facilitating efficient connectivity throughout metro Atlanta. The property is in an active industrial corridor with neighboring tenants such as UPS, SPATCO Energy Solutions, Capital City Electrical Services, Central Heating & Air Conditioning and many others.
  • HIGH QUALITY CONSTRUCTION –The building was developed in 1984 and has been well maintained. It features masonry construction, 14’ clear heights, and ample parking.
  • STRONG DEMOGRAPHICS – Within the surrounding 5-miles, the population comes in at 261,396 residents, with an average household income of $76,119 and over $2.5B in
    consumer spending.
  • SUBMARKET FUNDAMENTALS – With limited industrial development or available supply over the past 18 months, landlords have been able to push rental rates much higher
    than the regional average as the market becomes tighter. Industrial vacancies in the submarket are hovering near all-time lows, as tenants continue to have difficulty finding
    available facilities within reach of the metro’s core.
  • BELOW REPLACEMENT COST- Industrial development costs have been significantly rising in recent years. Developing industrial buildings in key markets can be close to $250/
    SF. Our building, priced at just under $148/SF, is well below the replacement cost. This gives an investor or owner/user a very attractive going-in basis.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203