1061 Industrial Blvd Union Point, GA 30669
- Office Properties & Spaces
- 110,286 SF
- 11.94 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1061 Industrial Blvd
- Year built
- 1970
- Construction
- STEEL FRAME
- Lot size
- 11.94 lot acres
- Property size
- 110,286 SF
- Property type
- Office Properties & Spaces
- APN
- U09-0-00-001-0
- APU
- U090000010
Description
This exceptional value-add investment opportunity comprises three strategically located industrial properties in Georgia. The portfolio includes a diverse mix of distribution, warehouse, and manufacturing spaces totaling 33,200 to 176,802 square feet across three locations. The properties boast a 100% occupancy rate, secured by a tenant specializing in environmental solutions. Built between 1957 and 1970, these Class C buildings have undergone significant renovations in recent years (1970, 1975, and 2022), enhancing their functionality and appeal. The portfolio features a range of amenities, including multiple dock doors (ranging from 4 to 7, including grade-level access), perimeter fencing, and substantial recent capital expenditures, including roof replacements and office renovations. The properties are situated on sizable lots ranging from 3.9 to 11.94 acres, with zoning designations including Industrial, LI, and HI. Two properties are conveniently located in the Augusta MSA, while the third is in Union Point, GA, just an hour away. This portfolio presents a compelling investment opportunity with strong potential for future appreciation. The asking price for this entire portfolio is $12,500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $785,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $915,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $860,000
- Retail
- $900,000
- Mixed-Use
- $780,000
- Hospitality
- $870,000
- Educational
- $760,000
- Residential Income
- $705,000
- Energy
- $840,000
- Income-Based Land
- $660,000
- Food Service
- $830,000
Location Insight
- Map
- Local Demand
- City
- Union Point
- County
- Greene
- State
- Georgia
- Longitude
- -83.0803
- Latitude
- 33.6133