Historical Industrial Sale Listing - 4350 Ball Ground Highway

Industrial For Sale

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4350 Ball Ground Highway

4350 Ball Ground Highway, Canton, GA 30114

N/A

327,734 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
327,734 SF
Property Type:
Industrial
Property Sub-type:
Warehouse
Property Use Type:
Net Lease Investment with
6 years left on lease
Cap Rate:
7.50%
Occupancy:
100%
Tenancy:
Single
Year Built:
2000
Listing ID
15582951
Last Updated
over 1 year ago

Description

High Quality Building
- Original build-to-suit for Herman Miller with above market design and
building specifications including:
- Warehouse is fully air conditioned
- 6 thick concrete slab with MM 80 joint compound
- 12,000 AMP Power
- All dock doors have dock seals, levelers, locks and lights
- Above standard office finishes
- 195' concrete truck courts with dedicated trailer storage

Excellent Tenant
- $38 million in revenue for 2007, representing a 58% year-over-year
organic growth
- Superb business model and execution has garnered critical acclaims
- Client base includes the Pentagon, Microsoft, Google, Emory University
and American Idol
- Founder Sean Belnick rated #2 on Inc. Magazine' s top 30 under 30
entrepreneurs in 2007

Net Lease
- Tenant reimburses Landlord for all CAM, Taxes, Insurance and Management
fees
- Stable and secure cash flow stream
- Net lease structure is ideal for passive ownership

Future Upside Potential
- Above market returns further enhanced by 3% annual rent escalations
- 70 acre site provides for the ability to develop an additional three
distribution buildings totaling 206,000 SF
- Low vacancy and limited new supply

Northwest Atlanta Submarket
- Current warehouse vacancy rate of 7.5%, significantly outperforming the
metro Atlanta market
- Rapid residential and commercial development has driven up land prices,
resulting in less new industrial inventory and higher rental rates
- Northwest accounted for 10% of the total metro industrial inventory at YE
2007, but only 4.9% of new deliveries.

Limited Competition
- Lowest amount of new construction of any major industrial submarket in
metro Atlanta
- No bulk warehouse buildings greater than 200K square feet delivered in
the Northwest in the past 3 years
- No new deliveries over 100K square feet in 2007

Strong Demographic Trends: I-575 Corridor
- Surrounding residential neighborhoods have experienced rapid growth
- Cherokee County is the fifth fastest growing county in GA (2005
Census)
- High end residential developments from $250K - $700K
- Significant office, retail medical developments provide necessary amenities
for future growth
- Mixed-use development by Sembler totaling 800K SF to
deliver Fall 2008
- $8M expansion underway on Northside Hospital satellite location
fueled by increased demand and population growth

Map of 4350 Ball Ground Highway, Canton, GA 30114 (Cherokee County)

Research for 4350 Ball Ground Highway, Canton, GA 30114 (Cherokee County)

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