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Airport Industrial Park | 100% Occupied 1830 Airport Industrial Park Dr

26,877 SF 100% Leased Flex Building Marietta, GA 30060 £3,359,826 (£125.01/SF) 6.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 100% Occupied | Below Market Rent | Value-Add Opportunity | NNN Leases in Nature | Fee Simple Ownership | Brand New Roof
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI
  • Large Monument Sign | Excellent Visibility & Access | Close to Interstate-75 (329,000 VPD) & Interstate-285 (225,000 VPD)

EXECUTIVE SUMMARY

• The property is fully leased
• Within limited zoning district overlay that allows auto repair creating a competitive advantage
• Average rents are below market for the Southeast Cobb County/Marietta submarket
• The offering features upside through bringing existing tenants’ rent to market
• Leases are NNN in nature, limiting expense exposure for a new owner
• High historical occupancy
• Entire roof replaced in 2024, the EPDM roof is covered under warranty through 6/2044

PROPERTY FACTS

Price £3,359,826 Rentable Building Area 26,877 SF
Price Per SF £125.01 Number of Floors 1
Sale Type Investment NNN Year Built 1971
Net Initial Yield 6.50% Parking Ratio 2.2/1,000 SF
Property Type Flex Clear Ceiling Height 20 ft
Property Subtype
Light Distribution
  • General Retail Freestanding
 Level Access Doors 6
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 1.37 AC
Price £3,359,826
Price Per SF £125.01
Sale Type Investment NNN
Net Initial Yield 6.50%
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Freestanding
Building Class C
Lot Size 1.37 AC
Rentable Building Area 26,877 SF
Number of Floors 1
Year Built 1971
Parking Ratio 2.2/1,000 SF
Clear Ceiling Height 20 ft
Level Access Doors 6
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

LINKS

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PROPERTY TAXES

Parcel Number 17-0710-0-008-0 Improvements Assessment £203,564
Land Assessment £71,420 Total Assessment £274,984

PROPERTY TAXES

Parcel Number
17-0710-0-008-0
Land Assessment
£71,420
Improvements Assessment
£203,564
Total Assessment
£274,984

ZONING

Zoning Code LI (Light Industrial)
LI (Light Industrial)
(949) 903-8099

CONTACTS

  • Listing ID: 32893149

  • Date on Market: 20/08/2024

  • Last Updated:

  • Address: 1830 Airport Industrial Park Dr, Marietta, GA 30060

The Southeast Marietta Flex Property at 1830 Airport Industrial Park Dr, Marietta, GA 30060 is currently available. Contact SRS National Net Lease for more information.

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Airport Industrial Park | 100% Occupied | 1830 Airport Industrial Park Dr
(949) 903-8099 x

Airport Industrial Park | 100% Occupied | 1830 Airport Industrial Park Dr

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Jake Prater

(949) 903-8099

(949) 903-8099

Jack Cornell

(801) 410-1621

(801) 410-1621

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