2331 Mellon Ct
2331 Mellon Court, Decatur, GA, 30035, US
342,445 平方呎
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.
INSTITUTIONAL QUALITY, CLASS A+ CONSTRUCTION
STRATEGIC LOCATION WITH LIMITED COMPETING PRODUCT
EXCEPTIONAL TENANT FUNDAMENTALS WITH IMMEDIATE UPSIDE