2630 Northgate Ave Cumming, GA 30041
This fully leased industrial warehouse, located at 2630 Northgate Avenue in Cumming, Georgia, presents a compelling investment opportunity. The 15,073 square foot building sits on a 1.47-acre lot and boasts a 100% occupancy rate with two tenants. Built in 1985, the property features a 19-foot ceiling height, two loading docks, and four dock-high doors, ensuring efficient operations. Suite A, encompassing 5,297 square feet (including approximately 800 square feet of office space), is leased through February 28, 2025. Suite B, totaling 9,776 square feet (including approximately 3,500 square feet of office space and a 1,087 square foot mezzanine), is leased through December 31, 2024. Both suites benefit from heavy 3-phase power and oversized ground-level loading capabilities. The property enjoys a prime location in South Forsyth County, providing convenient access to exits 13 and 14 off GA 400. Recent improvements include a new roof and septic system. The asking price is $2,585,000, translating to $152.59 per square foot. This is a rare opportunity to acquire a well-maintained, fully leased industrial property in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.