New Industrial Project in
161 Fritz Mar Ln Athens, GA 30607
For Sale
Contact for pricing
New industrial project with shell buildings for sale.
Property Size7,200 SF
Price / SF$166.67
Days on Market635
Property Features for 161 Fritz Mar Ln
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail
Building Details
Year Built
2024
Listing Agency:
Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE
(706) 389-0771
Listed By:
Alexander Purcell · License #GA 394288
Source:
Crexi
Added: Nov 1, 2024
Changed: Jul 10
Last Checked: Jul 27 at 5:05PM
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 Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE
Investment Insights
Based on property information with market context.
Located in Athens Clarke County, 161 Fritz Mar is a new industrial project zoned "I" in the ACC TAD district. The project features five 4,000 sq ft buildings and one 7,200 sq ft building divided into two units. The developer offers pads and shell buildings for sale, with build-to-suit and lease options available. This listing is for a turn-key shell building within the 7,200 sq ft building (building 100 in the site plan). The shell building features metal construction with a brick front, two front entry doors, and two grade-level drive-in rollup doors. The buildings will be insulated, with a 4" sewer stub, a 3/4" water line, and electrical service and meter base included. Sidewalks and landscaping will be developed by the seller. Interior plumbing, electrical, and HVAC are not included. The building is currently under construction and is expected to be delivered by year-end.
Key Highlights
- New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.
- Turn‑key 7200 sq ft shell building (Building 100) available for immediate build‑out.
- Metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $9.48 |
| − Vacancy | −$6.1k | −$0.84 |
| EGI | $62.2k | $8.64 |
| − OpEx | −$9.3k | −$1.30 |
| NOI | $52.9k | $7.34 |
7,200 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$755.1K
$660.7K – $880.9K
NOI $52,854 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$626.6K
$548.3K – $731.0K
NOI $43,861 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,499 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - New industrial project with shell buildings for sale.
Where is this flex space located?
The property is located at 161 Fritz Mar Ln Athens, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.; **Turn‑key 7200 sq ft shell building (Building 100) available for immediate build‑out.**; Metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.
