Value Add Small Bay Indus 12,000 SF Industrial FOR SALE


Conyers, GA
$1,649,000 USD
770-209-1700
, Conyers, GA for Sale
$1,649,000 USD
Industrial - FOR SALE
1/15
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Value Add Small Bay Indus 12,000 SF
Conyers, GA


HIGHLIGHTS

  • National credit anchor: Single Source Inc. leases 50% of GLA through 10/31/2030 with 10% escalations in 2027 and 2029
  • Below-Market Rents with Near-Term Rollover: 1305 building leased at $9.00-$12.80/SF gross vs. $12.00-$13.00/SF NNN market
  • In-Place 4.92% Cap / Stabilized 6.59% Cap: In-place NOI $81,062 growing to $108,708 by Year 3 as gross leases convert to NNN and vacancy absorbs
  • Immediate Lease-Up Opportunity: 1,500 SF suite (1305-B) vacant and move-in ready /underwritten at $12.50/SF NNN
  • Functional Specs: 16' clear height, six 12'W x 14'H grade-level doors, three-phase power, two fenced outdoor storage yards, light industrial zoning
  • Excellent I-20 Access: 1.3 miles from I-20 Exit 80; 25 miles from downtown Atlanta; 35 miles from Hartsfield-Jackson International Airport

OVERVIEW

For sale is 1303-1305 Olympic Court, a 12,000 square foot, two-building, four-unit office-warehouse on 1.11 acres zoned industrial in Conyers, Georgia. The location is 1.3 miles from I-20 Exit 80 in Rockdale County, approximately 25 miles east of downtown Atlanta. The property is 87.5% leased across three of four units and generates in-place NOI of $81,062, reflecting a 4.92% cap rate on the $1,649,000 asking price. Stabilized NOI is projected at $108,708 (6.59% cap) by Year 3 as below-market gross leases roll to market NNN rates and the remaining 1,500 SF vacancy absorbs. The 1303 building (6,000 SF / 50% of GLA) is 100% leased to Single Source Inc., a subsidiary of National Coatings & Supplies, a national automotive paint and coatings distributor. Single Source has occupied the premises since 2020 and recently renewed through October 31, 2030 under a gross lease with two 10% rent escalations on November 1, 2027 and November 1, 2029. The lease includes a fenced outdoor storage yard adjacent to the building and a two-year renewal option at market upon expiration. The 1305 building contains three units under gross leases at $9.00-$12.80/SF compared to a current market range of $12.00-$13.00/SF NNN: - 1305-A (1,500 SF): H.E. Ragan Inc., expires 3/31/2027; pro forma at market NNN 4/1/2027. - 1305-B (1,500 SF): vacant, move-in ready with 500 SF office build-out; underwritten at $12.50/SF NNN with lease-up in Q4 2026. - 1305-C&D (3,000 SF): Aggregate Plant Products, tenant since 2018, expires 6/30/2026; renewal at $12.50/SF NNN underway. Tenant contractually maintains all interior systems including HVAC, plumbing, and electrical, reducing the owner's repairs and maintenance expense.

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Matt LevinCrye-Leike CommercialMore Info
770-209-1700

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Matt LevinCrye-Leike CommercialMore Info
770-209-1700

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