506 Bear Creek Rd, Dalton, GA 30721
31,832 SF | Industrial Building | Dalton, GA 30721 | $1,800,000 ($57/SF) | 5.33% Cap Rate
Asking Price $1,800,000
- Property Type
-
Industrial
- Price / Square Foot
- $57
Listing Contacts
- Property Info
Property Overview
The AP Group of Marcus & Millichap is pleased to present the opportunity to
acquire fee simple interest in the single-tenant industrial building located at 506
Bear Creek Rd in Dalton, GA. The newly renovated industrial facility totals 31,382
square-feet and is fully leased to Lanmar Chemical. The chemical manufacturer is
on a NNN lease and recently invested over $1 million in tenant improvements. The
renovations include new lighting, parking area, warehouse flooring, newly updated
offices, drywall, interior paint, insulation, & resealed metal roof. The subject
property is ideally located just off of Abutment Rd (16,400+ VPD) and is in close
proximity to Interstate-75, Atlanta, and Chattanooga, TN.
Situated southeast of Chattanooga, the Dalton metro consists of Murray and
Whitfield counties. Dalton's economy is driven by the manufacturing, education,
construction and health care sectors, with the majority of the metro's population
employed in the blue-collar occupations. Dalton is the center of the tufted carpet
industry, and today the area produces more than 70 percent of the total output
worldwide of over $9 billion.
acquire fee simple interest in the single-tenant industrial building located at 506
Bear Creek Rd in Dalton, GA. The newly renovated industrial facility totals 31,382
square-feet and is fully leased to Lanmar Chemical. The chemical manufacturer is
on a NNN lease and recently invested over $1 million in tenant improvements. The
renovations include new lighting, parking area, warehouse flooring, newly updated
offices, drywall, interior paint, insulation, & resealed metal roof. The subject
property is ideally located just off of Abutment Rd (16,400+ VPD) and is in close
proximity to Interstate-75, Atlanta, and Chattanooga, TN.
Situated southeast of Chattanooga, the Dalton metro consists of Murray and
Whitfield counties. Dalton's economy is driven by the manufacturing, education,
construction and health care sectors, with the majority of the metro's population
employed in the blue-collar occupations. Dalton is the center of the tufted carpet
industry, and today the area produces more than 70 percent of the total output
worldwide of over $9 billion.
Property Details
- Class
- B
- Year Built/Renovated
- 1975/2021
- Stories
- 1
- Lot Size (sq. ft)
- 74,052 SF
Highlights
- 100% Occupied by Lanmar Chemical on a NNN Lease | Recently Renovated in 2021 | Tenant Invested Over $1 Million in TI's.
- Future Value-Add Opportunity by Raising Rents to Market & Extending Term | ECommerce Proof & Recession Resistant Tenant.
- 6 Dock High Doors | Recent Renovations Include New Lighting, Parking Area, Warehouse Flooring, Newly Updated Offices, Drywall, Interior Paint.
- Located Just Off Abutment Rd (16,400+ VPD) | In Close Proximity to Interstate75, Atlanta MSA, and Chattanooga MSA
- Ideally Positioned in Advanced Manufacturing Corridor | 230+ Manufacturing Companies in the MSA.
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