STRATEGIC LOCATIONS: Rare opportunity to purchase a large industrial portfolio located in the Atlanta MSA, one of the most coveted industrial markets in the country. 355 Brogdon Road sits in a dense industrial area with excellent access to busy roadways Peachtree Industrial Boulevard (±23,555 VPD), Buford Highway (11,600 VPD), and Suwanee Dam Road NW (±31,500 VPD). 5152 Bellewood Court and 5202-5212 Bellewood Court are near strong industrial operators like Stuart Pro Heating & Air, Alltek Seal and Packing, and an Amazon Distribution Center, and both are less than 1 mile away from Interstate 985 with an impressive ±70,500 VPD.
SIGNIFICANT VALUE-ADD OPPORTUNITY: The properties have strong historical occupancy and tenants in place with modified gross lease structures. 88% of the leases expire within the next 12 months, giving an owner the chance to restructure the leases, re-tenant and/or mark to market. The tenants have strong ties to their current location, making this a great opportunity for a purchaser looking for a low maintenance investment. Additionally, the individual bay nature of the properties allow an investor to convert the leases from MG to NNN.
HIGH QUALITY FACILITIES: The ±108,405 SF portfolio consists of 5 buildings developed between 1997 and 2004 which have all been expertly maintained. The buildings feature masonry and metal construction, dock high and grade-level doors, 16’ to 18’ clear heights, and small office spaces.
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.