180 Mendel SW Dr Atlanta, GA 30336-2011
- Truck terminals
- 8,040 SF
- 2.20 lot acres
Jul 20, 2021
Current Use by Public Records
- First Student Inc. / School Bus Service
Property Details for 180 Mendel SW Dr
- Year built
- 1993
- Construction
- STEEL FRAME
- Lot size
- 2.20 lot acres
- Property size
- 8,040 SF
- Zone code
- M2
- Property type
- Truck terminals
- APN
- 14F0058 LL0353
- APU
- 14F0058LL0353
Description
This exceptional investment opportunity presents a stabilized, single-tenant warehouse located at 180 Mendel Drive SW, Atlanta, GA 30336. The property boasts 8,040 square feet of space situated on a generous 2.2-acre lot, providing ample room for vehicle maneuvering and storage. Currently leased at 100% occupancy by a national credit tenant under a triple-net (NNN) lease, this asset offers a secure and consistent income stream. The property's strong financial performance is reflected in its impressive 6.19% capitalization rate and a net operating income (NOI) of $163,908. The asking price is $2,650,000, translating to a price per square foot of $329.60. This industrial property is ideally situated in southwest Atlanta, offering convenient access to major transportation routes and serving as an excellent location for a fleet maintenance center or similar operation. The substantial lot size and existing tenant provide a compelling investment opportunity with significant potential for long-term growth and return. This is a rare chance to acquire a high-performing, single-tenant warehouse in a desirable Atlanta location.
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
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.541
- Latitude
- 33.7502
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
