Lake Carroll Business Park - For Sale

173 Kilgore Road, Carrollton, ga 30116

Contact

Justin Dinerman

404-631-6344
justin@dinermangroup.com

Description

Price: $2,350,000

Lake Carroll Business Park is a +/? 49,000 square foot flex investment opportunity located in Carrollton, Georgia. The investment opportunity consists of three FULLY leased industrial warehouse spaces totaling +/?41,000 square feet and a +/? 8,000 square foot office building. The Lake Carroll Business Park is on +/? 3.99 acres and with direct access to Carrollton’s busiest road, Highway 166, with a traffic count of over 35,000 cars a day. The property also benefits from immediate proximity to the Carrollton Exchange Shopping center, LongHorn, Chick?fil?A, McDonald’s & Zaxby’s.

Carrollton Winair, part of Winsupply, occupies 27,150 square feet and has been a tenant since 2005. In 2020, they leased an additional 14,400 square feet at the property and extended their lease term, which now runs through 2027. Diamond T Manufacturing, Inc., is a leading manufacturer of Specialty Architectural Features. They bring over 25 years of experience in the engineering and fabricating of unique Specialty Architectural Features for the commercial construction industry. They occupy 9,532 square feet of warehouse and office space at Lake Carroll Business Park.

*A complete Offering Memorandum with financial information is available. Please complete and sign the Confidentiality Agreement and return to the broker.

Profile

  • The 2-story building has a brick façade and a pitched metal roof.
  • The three warehouse spaces have unique floor plans. The warehouse spaces consist of prefab construction and feature individual meters for gas & electric (175 & 175A are on the same electric and gas meter).
  • The warehouses all have insulated roofs and walls, loading docks, ceiling heights ranging between 14’ - 20’ and separate bathrooms for each warehouse.
  • The office building, 173 Kilgore, consists of 15 offices and 2,000 +/- SF of furnished common area consisting of conference room, lobby, kitchen, restrooms and covered porch.
  • Lake Carroll Business Park's distinct location coupled with low market vacancy creates an opportunity for solid appreciation growth in addition to short-term increased returns. At a price well below replacement costs, an investor can make some cosmetic improvements and maintain a low basis in a rapidly improving market.

Location

  • Attractive lakeside setting with direct access to Carrollton’s busiest road, Bankhead Highway (Hwy. 166) with traffic counts of over 35,000 VPD.
  • Walking distance of less than 1/10 of a mile to Carrollton Exchange shopping center with Zaxby’s Chick-fil-a, McDonalds, Longhorn, Waffle House, Shane’s Rib Shack and Regal Cinemas.
  • Other nearby retailers include Walmart, Kroger, Publix, Home Depot, Lowes, Staples and Ross.
  • Centrally located 45 miles west of Atlanta, Carrollton, Georgia offers an ideal location for distribution throughout the Southeastern U.S.

Specifications

Property Type:Office Park

Building Size:49,000 SF

Space Available:N/A

Demographics

Radius
1 mi. 3 mi. 5 mi.
Age 35.1 34.6 31.8
Income $55,854 $67,671 $69,345
Population 1,333 21,137 45,737

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