Creekside Distribution Center_Property for Sale
Creekside Distribution Center_Property for Sale

Creekside Distribution Center

2110 Lawrence Ave, Atlanta, GA, 30344-1736, US

Description

Jones Lang LaSalle (“JLL”) has been exclusively retained by ownership as the sales representative for Creekside Distribution Center (“Creekside” or “the Property”) – a 538,500 square foot Class A, multi-tenant distribution center. With in-place rents 39% below market and 2.7 years of WALT, the offering presents an investor with a unique opportunity to acquire an irreplaceable urban infill bulk distribution center with substantial upside at a significant discount to replacement cost. Within a 6 mile radius and a 15 minute drive from Downtown Atlanta, Creekside is one of only two institutional-quality 400k+ square foot distribution centers built after 2002 within Atlanta’s I-285 Perimeter.


The Property is 76.9% leased to Wal-mart Stores East, LP (“Walmart”, NYSE: WMT, FY2025 Rev. $681B) and PODS Enterprises, LLC (“PODS”), with an additional unoccupied 124,432 square foot unit providing the next owner increased returns upon lease-up. Additionally, the offering includes 9.3 acres of unoccupied auto or trailer parking with additional land to expand, providing further optionality and upside.


Creekside benefits from powerful supply and demand pressures due to a shrinking supply of existing industrial space and rising tenant demand as users seek proximity to Atlanta’s rapidly expanding urban customer base. With immediate access to I-85 and I-75, it's less than 10 minutes from Hartsfield-Jackson International Airport and 15 minutes from Downtown Atlanta.

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Attributes

Building area net
50,028 m²
Year built
2016
Clear height
9.75 m
Occupancy
76.9%
WALT
2.7 years

Media

Investment Highlights

INSTITUTIONAL DESIGN & CONSTRUCTION

  1. Tilt-wall construction
  2. Rear-load configuration
  3. 85 dock-high doors (9’ x 10’)
  4. 3 grade-level drive-in doors (12’ x 14’)
  5. 2 ramped drive-in doors (26’ x 20’)
  6. 185’ truck court (60’ concrete apron)
  7. Mechanically attached 45-mil TPO roof
  8. 1650’ x 315’ building depth with 50’ by 50’ column spacing
  9. 85 trailer spaces & 286 auto spaces
  10. 191 auto spaces in unoccupied paved lot with option for future expansion


FINANCIAL HIGHLIGHTS

  1. 79.6% leased to 2 tenants with 2.7 years of term remaining
  2. Walmart - 304,104 SF (56.5% of Property)
  3. 3.3 years of term remaining
  4. In-place rents 36.3% below market (2 suites)
  5. PODS – 109,964 SF (20.4% of Property)
  6. 1.3 years of term remaining
  7. In-place rent 46.6% below market
  8. Available space – 124,111 SF (23.1% of Property)


SIGNIFICANT DISCOUNT TO REPLACEMENT COST

  1. Significantly below market in-place rents (39%) diving a low basis valuation


STRATEGIC LOCATION

  1. 7.2 miles to Downtown Atlanta
  2. 1 of 5 Class A buildings within a 5 mile radius of Downtown Atlanta
  3. 1 of 2 institutional-quality 350k+ square foot distribution centers built after 2002 within Atlanta’s I-285 Perimeter
  4. Access to major thoroughfares
  5. 2.9 miles to I-75
  6. 3.5 miles to I-285
  7. 6.9 miles to I-20
  8. Proximity to the world’s busiest airport - 3.5 miles from Hartsfield Jackson International Airport
Creekside Distribution Center 4_Property for Sale
Creekside Distribution Center 4_Property for Sale

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Creekside Distribution Center (0 Properties)

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Last updated
9 Jul 2025