Six-Suite Shallow-Bay Industrial
New
For Sale
$7,000,000
1060 Union Center Dr, Alpharetta, GA 30004
Multi-suite industrial facility with flexible loading for small-bay operations.
Property Size37,900 SF
Price / SF$184.70
Days on Market2
Property Features for 1060 Union Center Dr
General Information
Standard status
Active
Size
37,900 SF
Property subtype
Commercial
Net Operating Income
$227,610
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
4
Drive-In Doors
3
Building Details
Building Size
37,900 SF
Year Built
1998
Construction
masonry and metal
Tenancy
Multi
Listing Agency:
Matthews Real Estate Investment Services | Atlanta
Listed By:
Thomas Wilkinson · License #416083 (GA)
(404) 348-4945
Source:
Matthews
Added: Sep 22
Last Checked: Sep 22 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Atlanta
Investment Insights
Based on property information with market context.
Built in 1998, this approximately 37,900-square-foot industrial building contains six suites suited to small-bay occupancy. The facility offers 22-foot clear heights, four dock-high doors, and three grade-level doors, combining practical loading capacity with a durable masonry-and-metal structure.
The property is located at 1060 Union Center Dr in Alpharetta, Georgia. Most tenant leases expire in 2026, while one occupant is currently on a month-to-month arrangement, creating a defined near-term leasing timeline. Its suite configuration and loading mix support industrial operations requiring manufacturing, service, or distribution functionality.
The property is located at 1060 Union Center Dr in Alpharetta, Georgia. Most tenant leases expire in 2026, while one occupant is currently on a month-to-month arrangement, creating a defined near-term leasing timeline. Its suite configuration and loading mix support industrial operations requiring manufacturing, service, or distribution functionality.
Key Highlights
- Approximately ±37,900 SF industrial building configured as six suites
- 22' clear heights support varied industrial operations
- Four dock‑high doors and 3 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$278,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,564,360
$5.6M
Cap Rate 7%
$3,974,543
$4.0M
Cap Rate 9%
$3,091,311
$3.1M
Market Conditions
NOI Build-Up for 37,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$359.3K $9.48/SF
− Vacancy
−$32.0K −$0.84/SF
EGI
$327.3K $8.64/SF
− OpEx
−$49.1K −$1.30/SF
NOI
$278.2K $7.34/SF
Area
Fulton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,564,360
Cap Rate 7%
$3,974,543
Cap Rate 9%
$3,091,311
Alternative Uses
Best Use
Warehouse
$3.97M
$3.48M – $4.64M
NOI $278,218 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$3.30M
$2.89M – $3.85M
NOI $230,881 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$10.59M
$9.27M – $12.36M
NOI $741,615 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 30004, GA
68,607
Population
25,485
Households
2.7
Avg Household Size
37
Median Age
72%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
1,185
Density / Sq Mi
$147,996
Median Household Income
$82,818
Median Earnings
$1,839
Median Rent
$583,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Multi-suite industrial facility with flexible loading for small-bay operations.
Where is this industrial property located?
The property is located at 1060 Union Center Dr Alpharetta, GA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Approximately ±37,900 SF industrial building configured as six suites; 22' clear heights support varied industrial operations; Four dock‑high doors and 3 grade‑level doors
