This Industrial Property is Off-Market.

4350 Ball Ground Highway
Canton, GA 30114 ·

327,734 SF · Industrial For Sale

N/A

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4350 Ball Ground Highway

Price N/A Cap Rate 7.50%
Building Size 327,734 SF Occupancy 100%
Property Type Industrial Tenancy Single
Property Sub-type Warehouse Year Built 2000
Property Use Type Net Lease Investment with 6 years left on lease
Listing ID: 15582951 Date Created: 02/26/2008 Last Updated: 06/16/2008

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Canton Market Trends - Asking price index trends, sale price trends, asking rent trends

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