2650 Button Gwinnett_Property for Sale
2650 Button Gwinnett_Property for Sale
2650 Button Gwinnett Dr, Atlanta, GA, 30340-1574, US

2650 Button Gwinnett

Asset Description

Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for 2650 Button Gwinnett, also known as “the Property” – a light industrial warehouse and distribution center totaling 212,000 square feet located in the sought-after Doraville micro market within Atlanta’s premier Northeast submarket.


The Property caters to a variety of tenant requirements due to its multi-tenant functionality. It is 100% leased on a long-term basis to two well-established tenants, UPS (NYSE: UPS | S&P: A- | Moody’s: A2) and EPI Breads, who have invested significantly into the asset. The weighted average lease term (WALT) is 14.1 years, and in-place rents currently sit 35% below market, giving investors guaranteed stable cash flow, with extremely attractive mark-to-market potential in the future.


With its strategic positioning within the Doraville micro market, and its high-quality and embedded tenancy, 2650 Button Gwinnett offers investors long-term cash flow with significant future upside due to the below replacement cost opportunity in one of Atlanta’s top performing infill markets.

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Attributes

Building area gross
212,000 sf
Occupancy
100%
Year built
1987
WALT
14.1 years

Media

Investment Highlights

INSTITUTIONAL QUALITY

  • Tilt-wall construction
  • Rear-load configuration
  • 135′ full concrete truck court
  • 27′ - 31′ clear height
  • MR-24 metal standing seam roof


EXCEPTIONAL NORTHEAST INFILL LOCATION

  • 450 ft. from Buford Hwy.
  • 1.3 miles to Peachtree Industrial Blvd.
  • 2.2 miles from I-285
  • 2.3 miles from I-85


HIGH-QUALITY TENANANCY WITH STRONG FINANCIALS

  • 100% occupied by two high-quality and established users – UPS and Epi Breads
  • Combined WALT of 14.1 years
  • 35% below market rents with a weighted average in-place rent of $5.75 PSF


SUPERIOR NORTHEAST INFILL MARKET FUNDAMENTALS

Doraville micro market - one of Atlanta’s strongest and most active industrial micro markets, this fully amenitized micro market continues to show positive economic trends including lower than average vacancy rates and positive net absorption.





2650 Button Gwinnett 4_Property for Sale
2650 Button Gwinnett 4_Property for Sale

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2650 Button Gwinnett (0 Properties)

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Last updated
12 Jul 2024