5070 Phillip Lee Dr._Imóvel à venda
5070 Phillip Lee Dr._Imóvel à venda

5070 Phillip Lee Dr.

5070 Phillip Lee Drive Southwest, Atlanta, GA, 30336, US

Descrição

Jones Lang LaSalle (“JLL”) has been exclusively retained by ownership as the sales representative for 5070 Phillip Lee Drive (“the Property”) – a 400,800 square foot distribution center strategically located in Atlanta’s infill I-20 West submarket along the Fulton Industrial Corridor, one of Atlanta’s most established and accessible industrial locations. Just 2.0 miles from I-20 and 4.0 miles from I-285, the Property offers critical access to major thoroughfares, enabling efficient last-mile delivery to consumers across the Atlanta metro and facilitating broad national distribution via its proximity to Hartsfield-Jackson International Airport.


The Property is 100% leased to Kittrich Corporation at 12.8% below market, with 4.5 years of term remaining following a recently executed renewal. For over 46 years, Kittrich has maintained market leadership manufacturing diverse consumer products across multiple categories, including household brands such as Con-Tact® Brand – an innovative leader in decorative and self-adhesive coverings for home décor. Kittrich has maintained its tenancy for over a decade at the Property, demonstrating their commitment and underscoring the location's strategic importance to their operations.

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Atributos

Área de construção líquida
37.236 m²
Ocupação
100%
WALT
4.5 anos
Mark-to-Market
12.8%
Ano de construção
1965
Year Renovated
1968/1985

Media

Destaques do investimento

Strategic Infill Location:

  1. Mission critical location, serving as the tenant's sole U.S. facility for the receipt of raw materials and the production and distribution of finished goods
  2. Infill location with exceptional accessibility to Atlanta’s interstates and the greater Atlanta metro area
  3. 2.0 miles to I-20
  4. 2.9 miles to I-75/I-85
  5. 4.0 miles to I-285


Financial Highlights:

  1. 100% leased to Kittrich Corporation with 4.5 years of term remaining
  2. In-place rent 12.8% below market
  3. Purchase price well below replacement cost
  4. 20+ years of historical occupancy


Strong Tenancy:

  1. Leading manufacturer with 1M+ SF of production and warehousing across three U.S. facilities, including 5070 Phillip Lee Drive
  2. 46+ years with consistent growth and a strong financial profile
  3. Diversified product portfolio spanning across multiple consumer categories, from housewares to eco-friendly cleaning products
  4. Innovation leader with 37 patents and Green Seal, including industry-first certifications for dish soap and wood cleaner


5070 Phillip Lee Dr. 4_Imóvel à venda
5070 Phillip Lee Dr. 4_Imóvel à venda

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Última atualização
20 de mar de 2026