249 Milton Ave - Warehouse FOR SALE


Atlanta, GA 30315- Chosewood Park
$3,500,000 USD
404-660-6105
249 Milton Ave, Atlanta, GA for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/21
null | Request Cap Rate

249 Milton Ave
Atlanta, GA 30315
Chosewood Park


HIGHLIGHTS

  • 4.53% - 6% Cap Rate over a 5 1/2 year term | ±1.47 Acre Site | High Density Mixed Use | Close Proximity to ATL Beltline
  • Desirable & Versatile I-1 Light Industrial Zoning | Part of the Beltline Overlay District in Chosewood Park Neighborhood
  • Ideal Redevelopment site for Multifamily, Office/Warehouse, Mixed Use, Flex
  • Close by Summerhill which is home to the 565 Hank, a new Multifamily development along with the future site for Publix
  • Located in an Opportunity Zone | Fenced Property | Built 1943
  • Near Beacon & The Grant Park Neighborhood | Neighbors many new Multifamily Developments

OVERVIEW

Berkshire Hathaway is pleased to offer the opportunity to acquire the fee simple interest (land & buildings ownership) in a fully-leased office/warehouse building located at 249 Milton Ave SE, Atlanta, Ga 30315. The Property is situated on approximately ±1.47 pad ready acre site with a ±18,145 office/warehouse building. The building is fully leased with established Tenants in place. The leases feature rental escalations that increase the NOI over time and hedge against inflation. The property boasts major upside and growth because of its location in an Opportunity Zone. Opportunity Zones are formed to spur economic growth and create jobs while providing tax benefits to investors.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.47

LAND SF

64,033

ZONING

I-1-C

APN/PARCEL ID

14-0056-0006-003-2,22-4824-1270-052-2

ASK ABOUT THIS PROPERTY

Jim ConradBerkshire Hathaway GA Properties - BuckheadMore Info
404-660-6105

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Jim ConradBerkshire Hathaway GA Properties - BuckheadMore Info
404-660-6105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.