Atlanta, Georgia Portfolio

Location Characteristics: Atlanta ​is​ the​ third ​largest ​metropolitan​ area ​in​ the​ Southeast,​ and​ one ​of ​the ​region’s​ primary ​transportation,​distribution,​ financial, ​and​ consumer ​centers. Located ​in​ the​heart ​of ​the​ Southeast,​ Atlanta​ is ​one​ of​ only​ five​ cities ​in​ North​ America ​served ​by​ seven​ major ​interstate ​systems ​(I-85, ​I-75, ​I-20,​I-285, ​I-985, ​I-675,​ and ​I-575).

 

Market Insight: Rent growth is outperforming the national benchmark, and year-over-year growth has improved since the onset of the pandemic. Even with such growth, Atlanta remains one of the least expensive major industrial markets in the country, with space renting at a steep discount to large West and East Coast distribution markets.

Atlanta, Georgia Portfolio

Location Characteristics: Atlanta ​is​ the​ third ​largest ​metropolitan​ area ​in ​the​ Southeast,​ and​ one ​of ​the ​region’s​ primary ​transportation,​distribution,​ financial, ​and​ consumer ​centers. Located ​in​ the​heart ​of ​the​ Southeast,​ Atlanta​ is ​one​ of​ only​ five​ cities ​in​ North​ America ​served ​by​ seven​ major ​interstate ​systems ​(I-85, ​I-75, ​I-20,​I-285, ​I-985, ​I-675,​ and ​I-575).

 

Market Insight: Rent growth is outperforming the national benchmark, and year-over-year growth has improved since the onset of the pandemic. Even with such growth, Atlanta remains one of the least expensive major industrial markets in the country, with space renting at a steep discount to large West and East Coast distribution markets.


6739 & 6785 New Calhoun Highway NE, Shannon, GA 30161

2 Buildings Comprising 556,600 Square Feet (With an additional 180,000 SF building to be completed)  

Center Point Business Park

Location:Shannon, GA

Acquisition Date:1/28/20

Construction Completion Date:2/1/23

# of Buildings:2

Purchase Price/SF:$39.69

Tenant:Both are Single-Tenant

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Salisbury Business Park

Portfolio Fit: The prime location of 6739 New Calhoun, serves as the ideal hub for the largest rug and textile distributor in Europe, the property offers a secure, long-term lease and provides a thriving location for the business to flourish. The 122.4 acres of land accompanying this building, allowing for the development of two new state-of-the-art structures. The first, a 236,600 square foot building, is currently at full occupancy. Meanwhile, the second building, a 180,000 square foot warehouse, is set to be available for leasing in the second quarter of 2023, offering ample space for future growth.

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1099 Dodds Ave SE, Adairsville, GA 30103

1 building comprising 150,000 square feet

Center Point Business Park

City, Location:Adairsville, GA

Acquisition Date:1/20/22

# of Buildings:1

Purchase Price/SF:$65.00

Tenant:Single-Tenant

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Liberty Business Park

Portfolio Fit: 1099 Dodds Ave, a 150,000 square foot building is solely occupied by a wholesaler of flooring including carpet, hardwood and laminate for residential & commercial applications. Strategically located near I-75, this area is known for its thriving textile industry that was established in the early 1900’s, is currently a fast-growing market supporting the flooring industry

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Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Atlanta 1099 Dodds Avenue 150,000 Warehouse/Distribution Single-Tenant
Atlanta 430 Industrial Boulevard 47,599 Warehouse/Distribution Single-Tenant
Atlanta 338 Industrial Boulevard 309,084 Warehouse/Distribution Single-Tenant
Atlanta 265 Industrial Boulevard 187,205 Warehouse/Distribution Single-Tenant
Atlanta 40 Pinyon Road 60,148 Warehouse/Distribution Single-Tenant
Atlanta 6739 New Calhoun Highway 320,000 Warehouse/Distribution Single-Tenant
Atlanta 6785 New Calhoun Highway 236,600 Warehouse/Distribution Single-Tenant
Atlanta 665 Highway 74 South 117,000 Small Bay Industrial Multi-Tenant
Atlanta 1715 Dogwood Drive 100,000 Warehouse/Distribution Single-Tenant
Atlanta 11236 Harland Drive 32,361 Warehouse/Distribution Single-Tenant
Atlanta 32 Dart Road 194,800 Warehouse/Light Manufacturing Single-Tenant
Atlanta 1665 Dogwood Drive SW 198,000 Warehouse/Distribution Single-Tenant
Atlanta 1413 Lovers Lane 200,000 Warehouse/Distribution Multi-Tenant
Atlanta 611 Highway 74 South (Bldg 1) 262,826 Small Bay Industrial Multi-Tenant
Atlanta 611 Highway 74 South (Bldg 2) 35,100 Small Bay Industrial Multi-Tenant