1973 Ga-138 Conyers, GA 30013
- Industrial properties
- 13,980 SF
- 4.59 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1973 Ga-138
- Lot size
- 4.59 lot acres
- Property size
- 13,980 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional value-add investment opportunity presents a 13,980-square-foot flex industrial building situated on a 4.59-acre lot in Conyers, Georgia. Currently 100% occupied by seven tenants, generating a current NOI of $147,040 and a 6.46% cap rate, this property offers significant upside potential. A pro-forma NOI of $255,000 projects an impressive 11.21% cap rate, highlighting the substantial value-add potential. The property features four loading docks and is zoned M1, allowing for flexible end uses including outdoor storage, laydown yards, and ample truck/trailer parking. The building consists of three units within a single, one-story structure. Strategically located approximately two miles from I-20 and fifteen miles from I-285, this low-coverage, infill property benefits from excellent access to major transportation arteries within the I-20 East/Rockdale submarket of metro Atlanta. The asking price is $2,275,000, representing a price per square foot of $162.73 and a price per unit of $758,333.33. This multi-tenant, industrial investment presents a compelling opportunity for significant returns. The property's strong tenancy and prime location make it an attractive investment for both seasoned and emerging investors seeking substantial returns in the thriving Atlanta market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conyers
- County
- Rockdale
- State
- Georgia
- Longitude
- -83.9788
- Latitude
- 33.6728
