Larkspur Industrial Park
600 Elm St, Forest Grove, OR, 97116
61,167 sm
Asset description
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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Attributes
Building area net
31,846 sm
Occupancy
90.2%
Year built
1970
WAULT
3.6 years
Media
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
Contact brokers
4350 Peachtree Industrial Boulevard (0 Properties)
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Last updated
Apr 30, 2025
