2331 Mellon Ct
2331 Mellon Court, Decatur, GA, 30035, US
31.814 m²
Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for Declaration Logistics Center – Bldgs. II & III, also known as “the Properties, the Portfolio” – two (2) single-load distribution facilities totaling 542,031 square feet located in McDonough’s industrial pocket within Atlanta’s South I-75 submarket. The deal features two recently constructed, class A+ industrial buildings with 32’-36’ clear heights, 185’ truck courts, and 45-mil TPO roofs with 15-year warranties. 100% leased to 3 tenants with a weighted average lease term (WALT) of 3.4 years and annual escalations of 4.0%, the Properties cater to a wide range of tenant requirements due to their multitenant functionality. These state-of-the-art industrial facilities are strategically positioned along Interstate 75, one of Atlanta’s major logistical thoroughfares, and provide direct access to the Atlanta MSA, the Port of Savannah, and nearby Florida markets.
Located within the Liberty Industrial Park in McDonough, Georgia, Declaration Logistics Center provides investors with the ability to acquire two (2) fully stabilized Class A assets in one of Atlanta’s most sought-after corridors. The McDonough industrial market is one of Atlanta’s top growth markets and is crucial for servicing both port-related users and regional distribution in the Southeast. Its core location is home to a considerable amount of institutional ownership and notable namebrand tenancy. High barriers to entry, limited land for development, and access to a high-quality, growing labor pool have created strong tenant and investor demand in the market. The Properties lie within the South I-75 submarket which currently boasts the lowest vacancy rate amongst all major Atlanta submarkets as of Q2 2024 – 6.0%, coming in 220bps lower than the overall Atlanta market vacancy rate of 8.2%. Q2 2024 net absorption for the submarket was 5.8MSF, representing 74% of total absorption in the Atlanta market and more than 6x that of any other submarket.
Strategic location within McDonough micro market
Institutional quality, Class A+ construction
Financial highlights
South I-75 industrial fundamentals