Overview
- Updated On:
- February 1, 2024
Description
The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the value-add industrial warehouse located in Douglasville, Georgia. The building totals 33,000 square-feet with an additional mezzanine space totaling 8,100 square-feet not included in the gross leasable area. Resting on approximately 4.74 acres, the subject property offers ample space for industrial outdoor storage. Zoned light industrial, the warehouse features a 25’ clear height, two drive-in doors, and eight dock-high doors. Additionally, the asset has recently undergone capital improvements including the roof, electrical, office, and exterior. Ideally, the property is located in a high growth submarket of Atlanta & is positioned less than 0.25 miles from Interstate-20.
The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. Over the next five years, the region is expected to add approximately 298,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta, while Truist Park has prompted new development northwest of downtown Atlanta. In 2023, the metro will remain a top market nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities. This will entice residents back into the city and provide options for people moving to the metro.
- Newly Renovated Industrial Warehouse with Outdoor Storage | Atlanta MSA
- Value-Add Opportunity Through Filling Vacancy | Ideal for an Owner User
- Additional 8,100 SF Mezzanine Space Not Included in the GLA
- 2023 Renovations Include Capital Improvements to Roof, Electrical, Office, & Exterior
- Less than 0.25 Miles to I-20 | In High Growth Submarket of I-20 W/Douglasville
