3703 Old Oakwood Rd Oakwood, GA 30566-2702
- Manufacturing properties
- 18,227 SF
- 1.77 lot acres
Current Use by Public Records
- Georgia Mountain Components / Roofing Company / General Contractor
- Panel Truss / Production Facility
Property Details for 3703 Old Oakwood Rd
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 1.77 lot acres
- Property size
- 18,227 SF
- Zone code
- M-II
- Property type
- Manufacturing properties
- APN
- 08-044 -002-008
- APU
- 8044002008
Description
This exceptional investment opportunity presents a 18,362-square-foot distribution facility located at 3703 Old Oakwood Rd, Oakwood, GA 30566, within the thriving Atlanta MSA. The property, built in 1981 and renovated in 1985 and 2015, sits on a 5.96-acre lot, offering significant outdoor storage capabilities. Currently 100% occupied by Builders FirstSource (NYSE: BLDR), a Fortune 250 company, under a Net Lease (NNN) agreement with a corporate guarantee. The lease commenced April 1, 2022, and expires March 31, 2027, with a remaining term of 3 years. The asking price is $2,050,000, representing a price per square foot of $111.64 and a land value of $7.90 per square foot. The current Net Operating Income (NOI) is $120,000, yielding a 5.85% cap rate. The lease includes favorable CPI rent increases, with a projected 20% increase in the upcoming option period, significantly boosting future returns. This strategically located facility provides easy access to major transportation arteries, making it ideal for industrial operations. The property's low coverage ratio (7.07%) allows for ample outdoor storage, a highly sought-after feature in today's market. This is a single-tenant property with a strong, publicly traded tenant. This property is part of a larger portfolio and can be purchased individually.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $927,000
Market price range: $927k - $2.78M
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Location Insight
- Map
- Local Demand
- City
- Oakwood
- County
- Hall
- State
- Georgia
- Longitude
- -83.878
- Latitude
- 34.234
- CBSA code
- 23580
- CBSA name
- GAINESVILLE, GA METROPOLITAN STATISTICAL AREA