Bought with Craig McDaniel • Toles, Temple & Wright, Inc.
$750,000
$890,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
1.32 Acres Lot
SOLD DATE : 08/23/2023
Key Details
Sold Price $750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision June St
MLS Listing ID 9026406
Year Built 1989
Annual Tax Amount $4,505
Tax Year 2017
Lot Size 1.320 Acres
Property Description
INCOME PRODUCING WAREHOUSE WITH TRIPLE NET LEASE IN PLACE. Building with a total of 19,500? SQFT: 16,000? SQFT warehouse and 3,500? SQFT office. Ceiling height in low bay is approximately 14 ft and high bay is approximately 30 ft. BUILDING HAS A NEW ROOF AND NEW SPRINKLER SYSTEM. The facility is used as a warehouse for a local manufacturing company. The tenant paid for the new roof and sprinkler system. CURRENT LEASE GOES THROUGH JULY 31, 2024. CURRENT MONTHLY RENT AMOUNT IS $6,333. BEGINNING AUGUST 1, 2023 THE AMOUNT INCREASES TO $6734. PER MONTH. THERE IS A RENEWAL OPTION IN THE LEASE.
Location
State GA
County Floyd
Zoning SR
Interior
Heating Electric, Forced Air
Cooling Office Area Only
Exterior
Garage Paved
Utilities Available Phone Available, Water Available
Building
Sewer Public Sewer
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067