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5501 Westmoreland PlazaDouglasville, GA 30134
Westmoreland Plaza Logistics Center
Asset ClassIndustrial
Square Feet170,860

Overview

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.

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5501 Westmoreland PlazaDouglasville, GA 30134

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Listing provided by Revere CRE