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4303 Communications Dr - 4303 Communications Drive

2.13 Acres of Industrial Land Offered at $2,986,473 CAD in Norcross, GA 30093

Investment Highlights

  • Paved, Fenced, Lit
  • 53 Parking Spaces
  • 7.87% Cap Rate on in place income
  • Security System with Key Pad Entry
  • Leases In Place

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per AC $9.99
Other Income (CAD)
Annual -
Annual Per AC -
Vacancy Loss (CAD)
Annual -
Annual Per AC -
Effective Gross Income (CAD)
Annual $99,999
Annual Per AC $9.99
Taxes (CAD)
Annual -
Annual Per AC -
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts Under Contract

Price $2,986,473 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Industrial
Total Lot Size 2.13 AC

1 Lot Available

Lot

Price $2,986,473 CAD
Price Per AC $1,402,100 CAD
Lot Size 2.13 AC

Description

Location, Convenience, and Profitability – This property has it all! 20 minutes to the heart of metro Atlanta, Norcross offers a strategic advantage for businesses looking to establish a strong presence in the thriving industrial sector. Key Features: 53 Truck Parking Spots: Ample space to accommodate a fleet of trucks, making it an ideal location for logistics companies, trucking businesses, or any enterprise requiring spacious outdoor storage. Cash Flowing Investment: With an in place NOI of $165,168.72/yr this asset is priced at a 7.87% cap rate. Zoning: The current M-1 zoning classification allows outdoor storage, making it a seamless process for businesses to set up operations and take full advantage of the site's possibilities. Unbeatable Location: Situated less than a mile from the highly accessible i-85 and strategically positioned off Beaver Ruin Rd, this property ensures effortless transportation and easy connectivity to major transportation hubs. Flexible Lease Options: Lease agreements with a 30-day termination clause enable prospective tenants to scale up or down as needed, offering an attractive proposition for larger corporations seeking to lease on a per acre basis. Unlimited Potential: This opportunity is perfect for both seasoned investors looking to diversify their portfolio and ambitious owner-users seeking to expand their businesses. Whether you're looking to generate attractive returns on investment or seeking the perfect space to expand your business, this 2.13-acre industrial outdoor storage property is the answer you've been waiting for.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6-201-019
Land Assessment
$591,573 CAD (2023)
Improvements Assessment
$1,289,183 CAD (2023)
Total Assessment
$1,880,757 CAD (2023)

zoning

Zoning Code M-1 (Light Industrial)
M-1 (Light Industrial)
  • Listing ID: 29057703

  • Date on Market: 2023-07-20

  • Last Updated:

  • Address: 4303 Communications Dr, Norcross, GA 30093

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