166 CREAMER DR Alpharetta GA 30004

VALUE ADD OPPORTUNITY – Tenants currently occupy the property on short-term leases at below-market rental rates, presenting an opportunity to increase NOI through lease restructuring or asset repositioning.

HIGH QUALITY FACILITY – The subject property was built in 1980, and features metal construction, 16’-18’clear heights, 3 dock-high doors, and 4 grade-level doors.

SUBMARKET FUNDAMENTALS – With little industrial development or supply over the past 18 months, landlords have been able to push rental rates much higher than the metro average as the market becomes tighter. Industrial vacancies in the submarket are hovering near all-time lows, as tenants continue to have difficulty finding available facilities with adequate parking.

BELOW REPLACEMENT COST – Industrial development costs have been significantly rising in recent years. Developing industrial buildings in key markets can be close to $200/SF. Our building, priced at just over $146/SF, is well below the replacement cost. This gives an investor or owner/user a very attractive going-in basis.

STRONG DEMOGRAPHICS – Within a 5-mile radius, the population is projected to grow to over 57,500 by 2029, with an average household income of $163,387 and over $2B in consumer spending, providing robust support for long-term economic growth.

EXCELLENT LOCATION – Positioned in the thriving city of Alpharetta, GA, the property benefits from proximity to major transportation routes Highway 9 and US Route 19. It is located only 6 miles from Downtown Alpharetta and 33 miles from Atlanta.