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Riverdale Multi-Tenant Industrial Asset | 11.1% Cap Rate

6275 Hwy 85
Riverdale, GA 30274
PRICE : $1,100,000
CAP RATE: 11.1%
PROPERTY TYPE: Industrial
SITE SIZE: 3.68 Acres
BUILDING SIZE: 47,211 SF
YEAR BUILT: 1987

Highlights

  • Multi-building, 10-tenant auto/flex/warehouse complex
  • Offered for sale at a 11.1% cap rate on current income
  • Stabilized at 93% occupancy, the asset is available at only $23.30 PSF
  • Flexible property allows for quick releasing in event of vacancy
  • Weighted average rent per square foot of only $4.56
  • Vacant office building that leases for 39% higher per square foot than average of other units allows for upside
  • All tenants are responsible for all portions of the interior units and utilities

Description

Located off GA-85 in Riverdale, this multi-building, 10-tenant asset is being offered for sale at a 11% cap rate on existing income. The property is stabilized, with occupancy at 93% and weighted average rent per square foot of only $4.56. This low rent, along with property upgrades and leasing the single vacancy, allows for significant upside for the savvy investor.

Located only 9 minutes from Hartsfield Jackson Atlanta International Airport and 16 minutes from downtown Atlanta, the complex is a short distance to most parts of Atlanta, allowing tenants to create wide customer bases.

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