Rockdale Logistics Park_Actifs en vente
Rockdale Logistics Park_Actifs en vente
Atlanta, GA

Rockdale Logistics Park

Description du portfolio

Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for Rockdale Logistics Park, also known as “the Park” – a five (5) building light industrial logistics and distribution park totaling 961,738 square feet located within Atlanta’s I-20 East submarket. The Park features five recently constructed, class A+ industrial buildings with 30-36’ clear heights, 60’ concrete aprons, dock-high doors, and 60 mil TPO roofs with 20-year warranties. 97.2% leased to 11 tenants with a weighted average lease term (WALT) of 5.4 years, the Park caters to a wide range of tenant requirements due its multi-tenant functionality and above market parking ratio. These state-of-the-art industrial facilities are strategically positioned along interstate 20, one of Atlanta’s major logistical thoroughfares, with 1,404 feet of frontage.


The Park boasts a diversified rent roll, with global industrial users such as Tempur-Sealy, Becton Dickinson, and Komatsu Forklift. With in-place rents 31.2% below market, Rockdale Logistics Park offers investors the opportunity to immediately increase yield within the first three years of ownership, while still having guaranteed long-term cash flow from tenants. Ferguson Enterprises, Inline Plastics, Tempur-Sealy, and The Homestar Group of Georgia have 5+ years of term remaining and represent 62.3% of the leased square footage.

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Caractéristiques de l'actif

Nombre d'immeubles
5
Surface de l'actif brut
89 348 m²
Occupation
97,2 %
WALT
5.4 années
Rockdale Logistics Park (5 actifs)
Rockdale Logistics Park (5 actifs)

Média

Points clés d'investissement

INSTITUTIONAL QUALITY, CLASS A+ CONSTRUCTION

  • 60’ concrete aprons
  • High strength Ductilecrete floor slabs
  • 30-36′ clear heights
  • 180-200’ building depths
  • Cross-dock and rear-load configurations
  • 60-mil TPO membrane roof with 20-year warranties


STRATEGIC LOCATION WITH LIMITED COMPETING PRODUCT

  • Access to the crossroads of every major Atlanta thoroughfare
  • I-20 frontage
  • Bldg. 100 – 780’
  • Bldg. 500 – 624’


EXCEPTIONAL TENANT FUNDAMENTALS WITH IMMEDIATE UPSIDE

  • 11 tenants with a park WALT of 5.4 years
  • Average suite size 80,145 SF
  • 31.5% below market rents with an average in-place rent of $6.34 PSF
  • Balanced rollover schedule with immediate opportunity to increase yield
  • High-quality, credit tenants with global recognition and reach
Rockdale Logistics Park 4_Actifs en vente
Rockdale Logistics Park 4_Actifs en vente

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Dernière mise à jour
26 juin 2024