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4303 Communications Dr - 4303 Communications Drive
2.13 Acres of Industrial Land Offered at £1,663,366 in Norcross, GA 30093
Investment Highlights
- Paved, Fenced, Lit
- 53 Parking Spaces
- 7.87% Cap Rate on in place income
- Security System with Key Pad Entry
- Leases In Place
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per AC | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per AC | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per AC | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per AC | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Property Facts Under Contract
Price | £1,663,366 | Property Subtype | Industrial |
Sale Type | Investment or Owner User | Proposed Use | Industrial |
No. Lots | 1 | Total Lot Size | 2.13 AC |
Property Type | Land |
Price | £1,663,366 |
Sale Type | Investment or Owner User |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Industrial |
Proposed Use | Industrial |
Total Lot Size | 2.13 AC |
1 Lot Available
Lot
Price | £1,663,366 | Lot Size | 2.13 AC |
Price Per AC | £780,923 |
Price | £1,663,366 |
Price Per AC | £780,923 |
Lot Size | 2.13 AC |
Description
Location, Convenience, and Profitability – This property has it all! 20 minutes to the heart of metro Atlanta, Norcross offers a strategic advantage for businesses looking to establish a strong presence in the thriving industrial sector. Key Features: 53 Truck Parking Spots: Ample space to accommodate a fleet of trucks, making it an ideal location for logistics companies, trucking businesses, or any enterprise requiring spacious outdoor storage. Cash Flowing Investment: With an in place NOI of $165,168.72/yr this asset is priced at a 7.87% cap rate. Zoning: The current M-1 zoning classification allows outdoor storage, making it a seamless process for businesses to set up operations and take full advantage of the site's possibilities. Unbeatable Location: Situated less than a mile from the highly accessible i-85 and strategically positioned off Beaver Ruin Rd, this property ensures effortless transportation and easy connectivity to major transportation hubs. Flexible Lease Options: Lease agreements with a 30-day termination clause enable prospective tenants to scale up or down as needed, offering an attractive proposition for larger corporations seeking to lease on a per acre basis. Unlimited Potential: This opportunity is perfect for both seasoned investors looking to diversify their portfolio and ambitious owner-users seeking to expand their businesses. Whether you're looking to generate attractive returns on investment or seeking the perfect space to expand your business, this 2.13-acre industrial outdoor storage property is the answer you've been waiting for.
PROPERTY TAXES
Parcel Number | 6-201-019 | Improvements Assessment | £731,881 (2023) |
Land Assessment | £335,842 (2023) | Total Assessment | £1,067,723 (2023) |
PROPERTY TAXES
zoning
Zoning Code | M-1 (Light Industrial) |
M-1 (Light Industrial) |
Presented by
4303 Communications Dr - 4303 Communications Drive
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