2331 Mellon Ct_판매용 부동산
2331 Mellon Ct_판매용 부동산
2331 Mellon Court, Decatur, GA, 30035, US

2331 Mellon Ct

자산 설명

Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for 2331 Mellon Court, also known as “the Property” – a manufacturing and distribution center totaling 342,445 square feet located in Decatur, Georgia. The Property features a 125′ truck court, 26′ to 28′ clear heights, 16 dock-high doors, 11 drive-in doors and rear-loading. The Property is located just 1.5 miles north of I-20 and 4.2 miles from I-285, two of Atlanta’s major logistical thoroughfares. This exceptional location and its connectivity to Atlanta’s other major roadways, including I-85, I-75, Hwy 78, and I-675, gives users access to critical local and regional distribution arteries for seamless connectivity to the greater Atlanta area and its surrounding suburbs.


The Property is 100% leased on a long-term absolute net basis to Plaid Enterprises, Inc., one of the world’s largest, most diverse manufacturers of creative do-it-yourself products. Today they are the industry’s leading small batch paint manufacturer, producing all USA-made paint at the Property. The tenant is a subsidiary of Dyson-Kissner-Moran (DKM) Corporation (guarantor, $407M rev. 2023), who’s portfolio includes Hapco, Tri-City Extrusion, and Recreational Vehicle Group. In-place rents currently sit 22.1% below market with 8.0 years of term remaining, offering investors guaranteed stable and escalating cash flow, with an attractive mark-to-market opportunity upon the tenant’s expiration.

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개요

건물 총면적
31,814 제곱미터
월트
8 년
임대 형태
절대 삼중 순이익
점유율
100%

미디어

투자 하이라이트

FINANCIAL HIGHLIGHTS

  • 100% occupied by Plaid Enterprises, Inc.
  • Dyson-Kissner-Moran (DKM) Corporation (guarantor - $407M 2023 rev.)
  • 8.0 years term remaining with in-place rent at $5.45 PSF (22.1% below market)
  • Strong annual rent escalations based on preceding years’ CPI index
  • Absolute Net lease with no Landlord responsibilities

 

STRATEGIC LOCATION

  • The Property has ~126ʹ of land frontage facing Covington Hwy and benefits from its proximity to I-20 (1.5 miles) and I-285 (4.2 miles) by providing access to the Atlanta highway system and the greater Atlanta area

 

HEAVILY EMBEDDED TENANCY

  • 3221 Mellon Court is Plaid’s mission critical and primary manufacturing operation
  • Notable tenant investments include:
  • A 15-year lease extension and expansion signed in 2017, in which tenant invested over $1.5M into the property
  • New bottling lines
  • New mixing room and tanks


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2024년 10월 24일