Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer the opportunity to acquire Westmoreland Plaza Logistics Center (the “Property”), a newly delivered 170,860-SF best-in-class logistics facility located in Atlanta’s top-performing I-20 West submarket. Strategically located immediately adjacent to a full diamond I-20 interchange and less than 15 minutes to I-285, the Property’s location provides direct access to major transportation arteries and demand drivers, Hartfield-Jackson Atlanta International Airport, and Atlanta’s population of over 6.3 million residents.
Currently 60% leased to iGPS Logistics on a 7 year lease, the Property offers investors a value-add investment opportunity with the ability to acquire a recently-delivered Class A property at a compelling basis, cash flow stability from the new long-term lease for the majority of the building, and the opportunity to realize additional value through lease-up of the remaining available space. This Property features an attractive availability with the flexibility to add additional dock doors, trailer spaces, or expand auto-parking in the existing truck area equipped with 21 knock-out panels. Furthermore, the current availability is strategically positioned to meet the strong tenant demand in the I-20 West submarket, which as of midyear has experiences the most leasing activity of any Atlanta industrial submarket.