5376 Parkway Morrow, GA 30260

This multi-tenant industrial park, totaling 27,484 square feet, presents a compelling investment opportunity in Morrow, Georgia. Located in the Airport/North Clayton submarket, this property boasts a strategic location just 13 miles from Atlanta, benefiting from proximity to Hartsfield-Jackson Atlanta International Airport and major highway arteries (I-75 and I-675). Built in 1985, the park offers a value-add opportunity with short-term leases and below-market rents, allowing for potential NOI increases through lease restructuring or redevelopment. Strong submarket fundamentals, including limited supply and rising rental rates (projected 8% increase in the next few quarters), contribute to a low vacancy rate. Priced at approximately $112.79 per square foot, the property is significantly below current replacement costs (estimated near $200/SF), providing an attractive entry point. The property's strong historical occupancy further underscores the high demand and limited supply in this dynamic market. The park consists of two buildings with APNs: 12-178C-E-002, 12-178D-A-030, and 12-179C-A-028. Current NOI is $278,001, with a pro-forma NOI of $311,002, yielding a 9.23% cap rate and a pro-forma cap rate of 10.03%. This property is an excellent choice for investors seeking strong returns in a thriving industrial market.