1516 Kalamazoo Dr Griffin, GA 30224-8449

This exceptional value-add opportunity presents a four-building, 85,012-square-foot industrial flex park situated on 8.2 acres in Griffin, Georgia. The property boasts 97% occupancy with twelve tenants, primarily under absolute NNN leases featuring rent bumps and guarantees, minimizing landlord responsibilities. Built in 1987 and 2001, the park offers significant value-add potential through lease term extensions, rent increases on below-market units, and filling the minimal vacancy. The strong in-place cash flow generates a current NOI of $640,850, with a pro-forma NOI projected at $670,662, resulting in a 7.09% cap rate and a pro-forma cap rate of 7.42%. The asking price is $9,040,000, translating to $106.34 per square foot and $753,333.33 per unit. Conveniently located less than a mile from Griffin Spalding Airport and within ten miles of I-75, this asset benefits from its position in a high-growth submarket with a low industrial vacancy rate (2.7% in South Clayton/Henry County). The property's address is 1506 and 1516 Kalamazoo Drive, Griffin, GA 30224, with APN numbers 049A-02-004 & 049A-02-005. This investment offers a compelling combination of stable income and significant upside potential.