NAI Facilitates Atlanta-Area $5M Industrial Sale
- Nov 09, 2017
Block Income Fund III completed the disposition of a mixed-use industrial asset located in Conyers, Ga. NAI Brannen Goddard Managing Director David Beak marketed the property on behalf of the seller. It was acquired for $4.5 million.
The office/warehouse/distribution center was built in 1983. It offers a total of 111,540 square feet of rentable space. The property features 20 dock-high and five grade-level loading doors, at a height of ten feet. It has 30 by 40-foot column spacing, dock levelers and bumpers, and a total of 125 parking spaces.
The asset is located within Rockdale Industrial Park at 801 Blacklawn Road S.W. in Conyers, Ga. It provides exposure to Interstate 20, less than a mile away. Downtown Atlanta can be reached in half an hour. Charlotte, N.C., can be reached in four hours, Nashville, Tenn., is four hours away as well, while Jacksonville, Fla., is about five hours away.
The property was 82 percent leased at the time of the transaction. Tenants include Teijin Aramid U.S.A., Clique Here and Pemco Inc. NAI Brannen Goddard’s broker team was recently involved in the transaction of a business park in Atlanta, the Five Points Business Center.
Image courtesy of NAI Brannen Goddard