Current Use by Public Records
- Warehouses
Property Details for 4466 Us-27
- Year built
- 1970
- Lot size
- 1.45 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 24,480-square-foot industrial property in LaFayette, Georgia, currently leased to a single tenant under a Net Lease agreement. The property, built in 1970 and renovated in 1993, sits on a 1.45-acre lot and is zoned C-1. The building features one loading dock and one dock-high door. The current lease, commencing February 1, 2015, has a remaining term of 2.5 years with a 12-year initial term and includes a 7.5% rent bump at renewal, and a 5-year lease option. The property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $68,040, resulting in a 7.00% capitalization rate. The asking price is $972,000, or $39.71 per square foot. The tenant, established in 1976, is a leading manufacturer of ropes and related equipment. The property's location on US Highway 27 offers excellent access and visibility, situated within a thriving industrial area near other notable businesses. This is a strong, stable investment with significant upside potential. The property's APN is 03212 012.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- LaFayette
- County
- Walker
- State
- Georgia
- Longitude
- -85.2575
- Latitude
- 34.7714
