1505 General Arts NW Rd Conyers, GA 30012-3976

Property Details for 1505 General Arts NW Rd

Year built

1985

Construction

STEEL FRAME

Lot size

1.50 lot acres

Property size

9,265 SF

Zone code

M1

Property type

Office buildings

APN

022-0-01-012G

APU

022001012G

Description

This exceptional Conyers, GA industrial portfolio presents a compelling value-add investment. Comprising seven single-story buildings totaling 58,000 net rentable square feet on 6.23 acres, the property boasts 14 dock-high doors and 16-foot ceiling heights. Currently 85% occupied by 16 tenants under a modified lease structure, the property offers significant upside potential. The existing NOI is $381,816, with a projected pro-forma NOI of $600,000, representing a pro-forma cap rate of 10%. Built in 1985 and zoned M1, this property benefits from its prime location near Interstate-20, providing excellent access and visibility. The majority of leases are short-term and below market, presenting immediate opportunities to increase revenue through lease conversions to NNN, rent increases, lease extensions, and filling vacancies. The asking price is $6,000,000, and the current cap rate is 6.36%. This is a rare opportunity to acquire a well-located, multi-tenant industrial portfolio with substantial value-add potential in a thriving market. The property is located at 1505, 1507, 1509, 1601, 1604, 1605, and 1607 General Arts Rd NW, Conyers, GA 30012.

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Longitude

-84.0539

Latitude

33.6829

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments