1506 Kalamazoo Dr, Griffin, GA 30224
4 Industrial Properties Offered at $9,040,000 in Griffin, GA
For Sale
Active
9 pictures
Asking Price $9,040,000
- Property Type
-
Industrial
- Square Feet
- 85,012 SF
Listing Contacts
Ani Paulson
Manton Paine
- Property Info
Property Overview
The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the four-building Woodland Industrial Park Portfolio. Located in Griffin, GA, the industrial-flex buildings total 85,012 square-feet and rest on approximately 8.20 acres across two adjacent lots. Currently at 97% occupancy, the asset offers strong in-place cash flow from a high-quality tenant mix. With majority of tenants on absolute NNN leases, the Woodland park is an ideal passive investment with minimal landlord responsibility. Value-add opportunity is provided by extending lease terms, raising below market rents, and filling vacancy.
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.
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.
Highlights
- Prime Investment Opportunity with Value-Add Potential | Most Tenants Do Not Have Options
- All NNN Leases | Majority Feature Annual Escalations & Guarantees | Individually Metered Units
- Light Value-Add by Raising Below Market Rents, Extending Lease Terms, & Filling Vacancy
- Staggered Lease Rollover | Minimal Landlord Responsibility
- Located Less than 1-Mile from The Griffin Spalding Airport & Less than 10-Miles from I-75
- High-Growth Submarket | 2.7% Industrial Vacancy in South Clayton/Henry County
All available spaces
- Space
- Size
- 20,118 SF
- Space Subtype
- Industrial
- Space
- Bldg D
- Size
- 24,832 SF
- Space Subtype
- Industrial
- Space
- Bldg A
- Size
- 21,362 SF
- Space Subtype
- Industrial
- Space
- Bldg B
- Size
- 18,700 SF
- Space Subtype
- Industrial
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