The Atlanta market has is the third-largest industrial market in the US and primary distribution market in the South. 69.1% going-in occupancy, approximately 17% below the Atlanta industrial market occupancy rate of 86% (source - CBRE). Purchase price represented a 53% discount to replacement cost.
Off-market opportunity strategically located along Hwy 141, with convenient access to Gwinnett County and downtown Atlanta.
VALUE ADD INITIATIVE
Created 11 new suites averaging 4,000 SF and under, bringing the total number of suites from 62 to 73.
Increased occupancy to 90%.
Successfully liquidated in 2015.