2331 Mellon Ct
2331 Mellon Court, Decatur, GA, 30035, US
31 814 mètres carrés
Description de l'actif
Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for 2650 Button Gwinnett, also known as “the Property” – a light industrial warehouse and distribution center totaling 212,000 square feet located in the sought-after Doraville micro market within Atlanta’s premier Northeast submarket.
The Property caters to a variety of tenant requirements due to its multi-tenant functionality. It is 100% leased on a long-term basis to two well-established tenants, UPS (NYSE: UPS | S&P: A- | Moody’s: A2) and EPI Breads, who have invested significantly into the asset. The weighted average lease term (WALT) is 14.1 years, and in-place rents currently sit 35% below market, giving investors guaranteed stable cash flow, with extremely attractive mark-to-market potential in the future.
With its strategic positioning within the Doraville micro market, and its high-quality and embedded tenancy, 2650 Button Gwinnett offers investors long-term cash flow with significant future upside due to the below replacement cost opportunity in one of Atlanta’s top performing infill markets.
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Attributs
Superficie du bâtiment brute
19 695 mètres carrés
Occupation
100 %
Année de construction
1987
VALSE
14.1 années
Média
Points forts de l'investissement
INSTITUTIONAL QUALITY
- Tilt-wall construction
- Rear-load configuration
- 135′ full concrete truck court
- 27′ - 31′ clear height
- MR-24 metal standing seam roof
EXCEPTIONAL NORTHEAST INFILL LOCATION
- 450 ft. from Buford Hwy.
- 1.3 miles to Peachtree Industrial Blvd.
- 2.2 miles from I-285
- 2.3 miles from I-85
HIGH-QUALITY TENANANCY WITH STRONG FINANCIALS
- 100% occupied by two high-quality and established users – UPS and Epi Breads
- Combined WALT of 14.1 years
- 35% below market rents with a weighted average in-place rent of $5.75 PSF
SUPERIOR NORTHEAST INFILL MARKET FUNDAMENTALS
Doraville micro market - one of Atlanta’s strongest and most active industrial micro markets, this fully amenitized micro market continues to show positive economic trends including lower than average vacancy rates and positive net absorption.
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2650 Button Gwinnett (0 Propriétés)
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Dernière mise à jour
16 déc. 2024
