Larkspur Industrial Park
600 Elm St, Forest Grove, OR, 97116
61.167 m²
Objektbeschreibung
On behalf of ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for 4350 Peachtree Industrial Boulevard (“The Property”) – 342,785 square foot light industrial asset located in the heart of Norcross’ infill industrial pocket in Atlanta’s premier Northeast submarket. Situated only 0.7 miles from Buford Highway, 3.9 miles from I-85, and 8.2 miles from I-285, 4350 Peachtree Industrial Boulevard is one of the best located industrial assets in northeast Atlanta.
90.2% leased to 7 tenants with a weighted average lease term (WALT) of 3.6 years, 4350 Peachtree Industrial Boulevard’s tenant base includes diversity across various industries. The offering has average in-place rents of $6.63. Notably, 34% of the gross leasable area (GLA) is set to expire within the first two years, with current rents for this space averaging 37% below market rates.
Located in the Northeast submarket – one of Atlanta’s top industrial submarkets – and well below replacement cost, the Property offers investors a rare opportunity to own an irreplaceable light industrial asset with stable day-one cash flow and a phenomenal mark-to-market upside.
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Eigenschaften
Gebäudefläche netto
31.846 m²
Vermietungsstand
90,2 %
Baujahr
1970
WAULT / DRMV
3.6 Jahre
Medien
Investment-Highlights
SUBURBAN INFILL PERFORMANCE AND EXCEPTIONAL MARKET FUNDAMENTALS
- Over the last five years, the infill portion of the Northeast submarket, home to 4350 Peachtree Industrial Blvd., has maintained a vacancy rate on average 270 basis points lower than the broader NE submarkets
- The Northeast submarket delivered 8.6M SF in 2024 and just 1.05% of this total (90,000 SF) was delivered in the Norcross infill portion of the submarket
- At 2025 Q1 end a total of 1.7M SF was under construction in the greater Northeast submarket, while there was 0 SF under construction in Norcross
- Rent growth in the Northeast submarket over the past five years was 58%, while the growth rate in the Norcross infill portion of the market was 79%
SOUGHT AFTER LIGHT INDUSTRIAL PRODUCT TYPE
- Institutionally maintained at the highest level by current owner
- Dock-high front-load configurations
- 16-22′ clear heights
- Modest reconfiguration of truck court will increase depth and efficiency
- Approximately 15.4% office finish
- Approximate average tenant size is ~48K SF
- Significant discount to replacement cost
Makler kontaktieren
4350 Peachtree Industrial Boulevard (0 Objekte)
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Zuletzt aktualisiert
30. Apr. 2025
