5315 Oakbrook Parkway

Highlights:

• IRREPLACEABLE LOCATION – Situated in Norcross, GA within the Atlanta MSA, this property offers strategic access to major transportation routes, including Oakbrook Parkway, Jimmy Carter Boulevard, and Interstate 85—key arteries facilitating efficient connectivity throughout metro Atlanta. The property is in an active industrial corridor with neighboring tenants such as UPS, SPATCO Energy Solutions, Capital City Electrical Services, Central Heating & Air Conditioning and many others.
• HIGH QUALITY CONSTRUCTION – The building was developed in 1984 and has been well maintained. It features masonry construction, 14’ clear heights, and ample parking.
• STRONG DEMOGRAPHICS – Within the surrounding 5-miles, the population comes in at 261,396 residents, with an average household income of $76,119 and over $2.5B in consumer spending.
• SUBMARKET FUNDAMENTALS – With limited industrial development or available supply over the past 18 months, landlords have been able to push rental rates much higher than the regional 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 within reach of the metro’s core.
• BELOW REPLACEMENT COST- Industrial development costs have been significantly rising in recent years. Developing industrial buildings in key markets can be close to $250/SF. Our building, priced at just under $148/SF, is well below the replacement cost. This gives an investor or owner/user a very attractive going-in basis.

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