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Bldg 1 1479 Ventura Dr 16,800 SF 100% Leased Flex Building Cumming, GA 30040 For Sale
INVESTMENT HIGHLIGHTS
- 16,800 SF Multi-Tenant Flex/Industrial building in high-growth N Fulton location
- Immediate access (0.25 mile) to GA-400, connecting directly to Atlanta’s most desirable business districts
- High-quality infill asset in one of Atlanta’s most supply-constrained, high-demand submarkets
- 100% Leased to three diversified tenants. Regional & national credit
- Approximately 60/40 office-to-warehouse ratio provides flexibility for both administrative and operational needs
- Below-market in place rents and short-term WALT
EXECUTIVE SUMMARY
1479 Ventura Drive is a 16,800-SF, multi-tenant flex/industrial building is strategically located just off GA-400 in Cumming, GA, at the heart of the North Fulton/Forsyth County corridor. The property is 100% leased to three (3) tenants with a weighted average lease term (WALT) of 2.33 years. This building currently has below market in place rents of 70%, entrenched tenants, in place lease escalations, and a phenomenal location, an investor will experience continued rent appreciation and NOI growth throughout the tenant’s continued tenancy in the Property given the economic stability in Cumming, GA.
The property’s design and functionality featuring suites of 4,000–5,000 SF, both dock-high and grade level loading, and a balanced office to warehouse ratio cater directly to the needs of service, distribution, and last-mile tenants. Due to the Property’s location and functionality in a high barrier to entry location, the Property offers any investors a unique opportunity in today’s marketplace.
The property’s design and functionality featuring suites of 4,000–5,000 SF, both dock-high and grade level loading, and a balanced office to warehouse ratio cater directly to the needs of service, distribution, and last-mile tenants. Due to the Property’s location and functionality in a high barrier to entry location, the Property offers any investors a unique opportunity in today’s marketplace.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 16,800 SF |
| Property Type | Flex | No. Stories | 1 |
| Property Subtype | Light Distribution | Year Built | 1999 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 5.47 AC | Clear Ceiling Height | 16’ |
| Zoning | M-1 - Light Industrial | ||
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 5.47 AC |
| Rentable Building Area | 16,800 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 1.19/1,000 SF |
| Clear Ceiling Height | 16’ |
| Zoning | M-1 - Light Industrial |
PROPERTY TAXES
| Parcel Number | 194-694 | Improvements Assessment | $853,867 CAD |
| Land Assessment | $218,759 CAD | Total Assessment | $1,072,626 CAD |
PROPERTY TAXES
Parcel Number
194-694
Land Assessment
$218,759 CAD
Improvements Assessment
$853,867 CAD
Total Assessment
$1,072,626 CAD
CONTACTS
-
Chip Sipple -
Stephen Pond -
Jeff Henson, SIOR -
John Detamore -
Industry Real Estate Partners, LLC
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Bldg 1 | 1479 Ventura Dr
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