INDUSTRIAL PROPERTY FOR SALE 1610+1620 COBB COUNTY COBB … · COBB INTERNATIONAL BLVD. COBB COUNTY...
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1610+1620 Partnership. Performance. COBB INTERNATIONAL BLVD. COBB COUNTY KENNESAW, GA 30152 Chip Watson, Principal 404.865.3668 [email protected] Hilton Barry, Financial Analyst 404.865.3673 [email protected] INDUSTRIAL PROPERTY FOR SALE Investment Highlights • Preferred Northwest Atlanta Location • Cobb County Growth Corridor • Convenient to I-75, GA 575 and US Hwy 41 • Strong Market Demographics • Close proximity to network of residential neighborhoods Avison Young - 30 Ivan Allen Jr. Boulevard, Suite 900, Atlanta, GA 30308 | www.avisonyoung.com N INVESTMENT OPPORTUNITY Phil Barry, Principal 404.865.3672 [email protected] TWO INDUSTRIAL BUILDINGS, 52,120 SF, 70% LEASED Confidential Offering Memorandum To obtain a copy of the investment Confidential Offering Memorandum please contact: Disclaimer: The information herein was obtained from sources deemed reliable and is believed to be true; it has not been verified as such, cannot be warranted nor form any part of any future contract
Transcript of INDUSTRIAL PROPERTY FOR SALE 1610+1620 COBB COUNTY COBB … · COBB INTERNATIONAL BLVD. COBB COUNTY...
1610+1620Partnership. Performance.
COBB INTERNATIONAL BLVD.COBB COUNTYKENNESAW, GA 30152
Chip Watson, Principal
404.865.3668
Hilton Barry, Financial Analyst
404.865.3673
INDUSTRIAL PROPERTY FOR SALE
Investment Highlights
• Preferred Northwest Atlanta Location
• Cobb County Growth Corridor
• Convenient to I-75, GA 575 and US Hwy 41
• Strong Market Demographics
• Close proximity to network of residential neighborhoods
Avison Young - 30 Ivan Allen Jr. Boulevard, Suite 900, Atlanta, GA 30308 | www.avisonyoung.com
N
INVESTMENT OPPORTUNIT Y
Phil Barry, Principal
404.865.3672
TWO INDUSTRIAL BUILDINGS, 52,120 SF, 70% LEASED
Confidential Offering Memorandum
To obtain a copy of the investment Confidential
Offering Memorandum please contact:
Disclaimer: The information herein was obtained from sources deemed reliable and is believed to be true; it has not been verified as such, cannot be warranted nor form any part of any future contract
1610+1620COBB INTERNATIONAL BLVD
COBB COUNTY
KENNESAW, GA
Building SpecsYear Built 1988
Occupancy 70%
Construction Brick & Block
Loading Dock High & Drive-In Loading
Ceiling Height 20’ Clear Height
Column Spacing 40’w x 40’d
Roof Replaced Dec. 2013, Fifteen year warranty
Sprinklers No
Parking 89 Spaces
Airport
Property
Land Specs1610 Cobb Intl Blvd. 1620 Cobb Intl Blvd.
Parcel # 20-0176-0-025-0 20-0176-0-029-0
Land Area Combined Land Area of
1610 + 1620 = 4.851 acres
Building Area 26,120 SF 26,000 SF
Zoning LI (Light Industrial) HI (Heavy Industrial)
Hartsfield-Jackson Atlanta International Airport
Drivetime 37 mins
Distance 34 miles
Market
Constructed in 1988, Cobb International Park is a master-planned business park. Cobb International
Park is strategically located at the corner of McCollum Pkwy NW and N Cobb Pkwy NW, just 2.5 miles
west of the Chastain Rd NW and I-75 Interchange. Within the Cobb International Park, Buildings
1610 + 1620 Cobb International Blvd were developed in condominium ownership along with
Buildings 1630, 1634 + 1640. The Property is positioned on the north side of Cobb International
Blvd located within the desirable Kennesaw/Acworth Submarket of Atlanta, GA.
Kennesaw, Georgia: Is a premiere destination for families and businesses looking to relocate in
the Atlanta metropolitan area. The City’s approximately 32,000 residents enjoy Kennesaw as a
great place to live, learn, work and play. The City’s combination of small town charm and big city
amenities provides access to:
• Excellent educational resources
• First-rate parks, greenspaces, public buildings, and athletic facilities
• High quality and affordable recreation programs
• Safe, well-maintained neighborhoods and central business district
Tenancy
The Property is 70% leased to eight tenants, including Tyco, Puroil Products, LLC and W&L
Design Group, LLC to name a few.
Salient Investment Highlights
• Well below replacement costs
• Seventy percent (70%) Leased
• Below Market Rental Rates
• Near Term Lease Rollovers
• Opportunity to increase NOI
• First Year Projected Net Operating Income: $176,765.00 ($3.39 per SF)
Asking Price
The Property is being offered with an Asking Price of $2,400,000 ($46.00 per SF).
Demographics (2016)
INDUSTRIAL PROPERTY FOR SALE
1 MILE 3 MILES 5 MILES
Population 6,226 62,927 166,878
5 yr. growth 1.12% 1.47% 1.56%
Avg. Household Income $74,103 $87,324 $87,329
5 yr. growth 1.09% 1.51% 1.55%
Median Age 33.2 32.9 35.5
Premium LocationINDUSTRIAL PROPERTY FOR SALE
Site Plan
Contact:
1610+1620
Cobb International Blvd.
SITE
BIG SHANTY
PARK
PINETREE COUNTRY
CLUB
COBB PARKWAY NORTH
MCCOLLUM PKWY NW
75
575
N
111
Chip Watson, Principal
404.865.3668
Hilton Barry, Financial Analyst
404.865.3673
Avison Young - 30 Ivan Allen Jr. Boulevard, Suite 900, Atlanta, GA 30308 | www.avisonyoung.com
Phil Barry, Principal
404.865.3672
