Listed by CPX; Corporate Property Xchange, LLC, CPXRE
$2,200,000
Nifast Distribution Center NN
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 30,000
Units 1
Cap Rate 8.00%
NOI $176,759
Occupancy 100%
Tenancy Single
Brand/Tenant Nifast
Lease Type NN
Price per SqFt $73
Year Built 2005
Buildings 1
Stories 1
Acreage 2.290
Zoning H-I
Investment Type Core
Tenant Credit Credit Rated
Ceiling Height 25'
Industrial | 8.00% CAP | 30,000 SqFt
Marketing description
Introducing 1627 Technology Pkwy NW, Rome, GA, a prime investment opportunity for industrial, warehouse, and distribution investors. This impressive property offers a 30,000 SF building, built in 2005, situated in the sought-after Rome area. Zoned H-I, the property boasts 100% occupancy in a long term NNN lease with Nifast Corp, making it an appealing and lucrative asset. With a robust and established presence, this property presents a rare chance for investors to secure a high-performing commercial real estate asset in a thriving location.
Strategically located in a regional industrial park, off of a major thoroughfare and within the quadrangle of I-75, I-59, I-20 and I-24 in Rome, GA. This location offers convenient access to all points north, south, east and west and offers a diverse array of amenities and attractions. Nearby points of interest include the renowned Rome Braves Stadium, historic Downtown Rome with shopping and dining establishments, and the esteemed Berry College. With its close proximity to parks, scenic river fronts, and a burgeoning business community, the area presents an enticing opportunity for prospective Building investors seeking a prime location that seamlessly blends professional prestige with the allure of a flourishing, dynamic community.
Investment highlights
- Strategically located in a Regional Industrial Park
- Positioned adjacent to the Neaton and Suzuki Manufacturing Plants
- Entire facility is fully sprinklered
- Logistically positioned between Chattanooga and Atlanta and within the quadrangle of I-75, I-59, I-20 and I-24
- Loading accommodations for dock high, delivery high and grade level.
- 25 foot clear ceiling heights
- Skylights in warehouse
- 6 inch reinforced concrete slab floor
- No Landlord responsibilities. Tenant is responsible for all expenses, including utilities, landscaping, parking lot, pest control, HVAC
- This property was developed for Nifast; a major Japanese supplier. The lease is guaranteed by Metal One, which functions as a wholly owned subsidiary of Mitsubishi Corporation
- Walls are fully insulated
- Metal panels exterior with brick front facade
- Roof is standing seam with skylights
- Mercury vapor lighting in the warehouse
- Full coverage of warehouse space heaters
Listing Contacts
Listed by CPX; Corporate Property Xchange, LLC, CPXRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,758.75
$14,729.90/mo
Valuation Metrics
0
DSCR
8.03%
Cap Rate
8.03%
ROI
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