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30922745
30922746

200 Maxham Rd, Austell, GA 30168

AP
GA 428443, SC 108539 (+1)
Northmarq
ND
GA 446757
Listed by Northmarq
$2,400,000
92 days on market
Updated 9 days ago

Value-Add Automotive Facility | Atlanta MSA

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 2
Occupancy 8%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.24%
Pro-Forma NOI $173,653
Price per SqFt $240
Year Built 1994
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.830
Zoning C-H | Heavy Commercial
Investment Type Value Add
Ground Lease No

For Sale or Lease | Auto Repair | FF&E Included

Marketing description

Northmarq is pleased to present to qualified investors the opportunity to lease or acquire the fee simple interest in the value-add automotive facility located at 200 Maxham Road in Austell, Georgia. The subject property totals 10,000 square feet on 0.83 acres and features a large fenced yard with ample parking. Currently 8% occupied, the property offers significant value-add opportunity through lease-up of the vacant space or is ideal for an owner-user. The vacant suite is fully built out for automotive or collision use and includes substantial in-place FF&E, including vehicle lifts, paint and body infrastructure, mechanical systems, welding equipment, and specialized shop equipment, allowing for immediate operational use with minimal additional capital investment. Over $500,000 has been invested in recent renovations, including a new HVAC system (under warranty), new plumbing, electrical, and sprinkler systems, along with extensive interior and exterior upgrades. Improvements also include a new façade and resealed roof, full exterior repainting, an updated office build-out, new fencing, landscaping, curbing, and the addition of a double firewall and soundproofing to support automotive and collision uses. Located along Maxham Road (35,000+ vehicles per day) in Austell, the property sits within an established industrial and service corridor approximately 15 miles west of downtown Atlanta with convenient access to Interstate 20.

Investment highlights

  • Prime Investment Opportunity | For Sale or Lease | Value-Add Automotive Flex Asset in the Atlanta MSA | Significant Upside Opportunity through Leasing the Vacant Unit Accounting for 92% of the GLA

  • Substantial Automotive FF&E & Specialized Infrastructure | Vacant Suite Fully Built Out for Automotive or Collision Use | Includes Vehicle Lifts, Paint & Body Infrastructure, Mechanical Systems, Welding Equipment, & Shop Equipment

  • In-Place NNN Lease with Built-In Rental Growth | Instant Cash Title Loans, LLC Occupying the 800 SF Retail Suite | NNN Lease with 15% Escalations at Each of the Two (2) Five-Year Renewal Options

  • Large Fenced Lot with Ample Parking | 10,000 SF Automotive Facility on 0.83 Acres | C-H Heavy Commercial Zoning | Two Drive-In Doors | Secured Yard with Over 50 Spaces

  • Over $500,000 Spent in Recent Renovations | Renovations Included New HVAC with a Warranty, New Plumbing, New Electrical, New Sprinkler System, Resealed Roof, Interior & Extensive Exterior Upgrades Including a New Facade, & More

  • High-Growth Industrial & Service Submarket | Austell & Lithia Springs Emerging as a Major Industrial Hub with Nearby Operators Including Amazon and Numerous Automotive, Logistics, and Industrial Users

  • Strategic Location within Established Industrial Corridor | Located Along Maxham Road (35,000+ VPD) in Austell, GA | Approximately 15 Miles West of Downtown Atlanta & In Close Proximity to Interstate 20

Listing Contacts

AP
GA 428443, SC 108539 (+1)
Northmarq
ND
GA 446757
Listed by Northmarq

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Additional Information

Name
Ani Paulson
License
428443
Brokerage
Marcus and Millichap
Brokerage Phone
6788082804
Title
Senior Director Investments
Name
Nick DiPietro
License
446757
Brokerage
Northmarq
Brokerage Phone
4048236374
Title
Investment Sales Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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