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5075 Minola DrStonecrest, GA 30038
3PL Warehouse
Asset ClassIndustrial
200K SF Distribution Warehouse | Below Market Rent | Atlanta MSA
overview of deal

Overview

Institutional Property Advisors is excited to exclusively present 5075 Minola Drive in Lithonia, Georgia. This single-tenant industrial warehouse is leased to Li-Way Transfer and Storage, Inc., and currently has no remaining renewal options in the lease. This gives a new owner the flexibility to negotiate market-rate rents upon renewal or the opportunity to subdivide the building for leasing to up to three tenants at higher per-square-foot rates.

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Investment Highlights

  • ASKING PRICE: $16,000,000
  • PRICE PER SF: $80.00
  • NET OPERATING INCOME (NOI):  $913,046
  • CAP RATE:  5.71%
  • TOTAL AREA:  200,165 SF
  • CURRENT TENANCY:  Single Tenant
  • LOCATION: Lithonia, GA - 30 Minutes from Downtown Atlanta
  • MARKET: Atlanta MSA, the 8th Largest Metro Area in the US
  • 5-MILE RADIUS: Population: 178,541 | Average Household Income: $70K
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5075 Minola DrStonecrest, GA 30038

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Listing provided by Revere CRE