874 Davis Dr - Light Manufacturing FOR SALE


Conyers, GA 30094
$925,000 USD
770-913-3911
874 Davis Dr, Conyers, GA for Sale
$925,000 USD
Light Manufacturing - FOR SALE
1/9
null | Request Cap Rate

874 Davis Dr
Conyers, GA 30094


HIGHLIGHTS

  • 9,000 SF two-building industrial property
  • 1.64 acres
  • 100% occupied (4 tenants in 6 units)
  • Below-market rents
  • Short-term modified gross leases
  • Mark-to-market rental upside

OVERVIEW

874 Davis Drive offers approximately 9,000 square feet of income-producing industrial space on 1.64 acres in Conyers, Georgia. The property consists of two buildings totaling approximately 5,000 SF and 4,000 SF and is configured into six small-bay industrial/service units. The property is currently 100% occupied by four local automotive body, repair and service tenants generating approximately $72,000 in annual gross rental income under short-term modified gross leases. Current rents average approximately $8.00 PSF annually and are below market, creating an opportunity for future rental-rate growth as leases renew or spaces are re-tenanted. Zoned M-1 Industrial, the property offers flexibility for a variety of industrial and service-oriented uses. The short-term lease structure provides an incoming investor with immediate income while preserving the ability to restructure leases, increase rents, reposition units or pursue future owner occupancy. Located in Conyers, Rockdale County, 874 Davis Drive provides a basis-driven opportunity to acquire functional small-bay industrial real estate within Metro Atlanta’s east-side industrial market.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Building Industrial Investment

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Auto Repair, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

UTILITIES

Gas, Water - County, Sewer - County, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.64

LAND SF

71,438

ZONING

M1

APN/PARCEL ID

075-0-01-021M

ASK ABOUT THIS PROPERTY

Allen FarrAckerman & Co.More Info
770-913-3911

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Allen FarrAckerman & Co.More Info
770-913-3911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.