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Covered Land Play - Airport Area 1571 Phoenix Blvd 101,512 SF 100% Leased Office Building College Park, GA 30349 $6,000,000 ($59.11/SF)
INVESTMENT HIGHLIGHTS
- Covered land play of over 10 contiguous acres across from the world's busiest airport - Hartsfield Jackson International Airport
- Excellent site for an industrial or a distribution development due to access to multiple interstate highways and the cargo component to the airport.
- Owned by the same family for multiple decades - not previously on the market for sale.
- Currently configured with 12 single story office buildings at 32% occupancy. Easy upside with leasing efforts on the current office configuration.
- Signage opportunities on I-285 with 178,000 cars passing per day.
- The site benefits for having all utilities, thus an easy conversion to another use as opposed to developing raw land.
EXECUTIVE SUMMARY
This is an excellent opportunity to acquire over 10 acres of contiguous land, with 12 single story office buildings, nearly adjacent to the world's busiest airport. This offering can be considered a covered land pay, where an investor can focus on getting the existing office properties leased up to more than the current 32%, or a developer can purchase this property with the intent to redevelop into another use such as a distribution center or an industrial building(s).
The property benefits from having direct frontage on I-285 with 178,000 cars passing per day. The location also provides easy access to both I-85 and I-75, and it is nearly adjacent to Hartfield Jackson International Airport. To keep the property as-is, there will be some capital improvements needed to several of the buildings to get them leasable. Several buildings have roof leaks above vacant spaces and then building 1591 sustained a fire so in need of repair.
The property benefits from having direct frontage on I-285 with 178,000 cars passing per day. The location also provides easy access to both I-85 and I-75, and it is nearly adjacent to Hartfield Jackson International Airport. To keep the property as-is, there will be some capital improvements needed to several of the buildings to get them leasable. Several buildings have roof leaks above vacant spaces and then building 1591 sustained a fire so in need of repair.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Building Size
101,512 SF
Building Class
C
Year Built
1974
Price
$6,000,000
Price Per SF
$59.11
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,250 SF
Building FAR
0.21
Lot Size
11.13 AC
Zoning
BP (Business Park)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- AFCLS, LLC
- -
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99,999 SF
- -
-
Jan 0000
- Baus Girls, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- DOT DOC, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- Home & Credit Pros, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- Javon Rogers
- -
-
99,999 SF
- -
-
Jan 0000
- New Standard Learning Center, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- Phoenix Medical Office at College Park, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- Sunrise Community Health Services, LLC
- -
-
99,999 SF
- -
-
Jan 0000
- Youth Empowerment Success Services
- -
-
99,999 SF
- -
-
Jan 0000
- Youth Empowerment Success Services, Inc.
- -
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| AFCLS, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Baus Girls, LLC | - | 99,999 SF | - | Jan 0000 | ||
| DOT DOC, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Home & Credit Pros, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Javon Rogers | - | 99,999 SF | - | Jan 0000 | ||
| New Standard Learning Center, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Phoenix Medical Office at College Park, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Sunrise Community Health Services, LLC | - | 99,999 SF | - | Jan 0000 | ||
| Youth Empowerment Success Services | - | 99,999 SF | - | Jan 0000 | ||
| Youth Empowerment Success Services, Inc. | - | 99,999 SF | - | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 13-0071B-00A-003 | Improvements Assessment | $610,880 |
| Land Assessment | $402,720 | Total Assessment | $1,013,600 |
PROPERTY TAXES
Parcel Number
13-0071B-00A-003
Land Assessment
$402,720
Improvements Assessment
$610,880
Total Assessment
$1,013,600
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Covered Land Play - Airport Area | 1571 Phoenix Blvd
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