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242 Falcon Drive - Quest, Forest Park, GA

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242 Falcon Drive - Quest

Forest Park, GA 30297-1602 - Airport/North Clayton Ind Submarket


Property Type:Industrial Sub Type:Distribution Status:Existing , Renov January 2003 Year Built:1976
Building Size:44,365 SF Land Area:1.7 AC (74,052 SF)
Ceiling Height:18'0'' Loading Docks:- Rail:- Power:1,600a/277-480v 3p
For Sale Price:$9,275,000 Price/SF:$209.06
Cap Rate:5.50 %
Zoning:HI, Forest Park Sprinklers:- Drive Ins:No Cranes:-
Parking:Free Surface spaces are available; Ratio of 3.8/1,000 SF Amenities:Air Conditioning


The industrial facility will be used as a transition center and will house approximately 225 residents. It will also undergo major improvements and expand to about 40,000 square feet. Renovations completed in August 2002.

Property is adjacent to I-75 & conveniently located behind the Forest Park Farmers Market at the I-75/285 South Interchange. It is 11 miles from Downtown Atlanta, and 0.7 miles from I-75 & I-285. It has a completely fenced lot and is 85% air conditioned. It also has excellent Airport access. Area neighbors are Georgia Power, Clayton County Government Offices, St. Farmers Market, Federal Express & Nike. The property was formerly occupied by Qwest Communications/Teletrust.


Sale Notes:
$9,275,000

Largest Transition Center in GA
Lease Guaranteed until 2024 by the State of GA
Tenant on a 20yr lease that started in 2004
Georgia Department of Corrections occupies building


Richard Bowers & Co.
Chet Lacy
(404) 816-1600 x148




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