Strong Market Fundamentals: The Offering is located within the Northwest Atlanta Industrial Submarket, where vacancy rates dropped from 6.3% in 2016 to 3.7% as of Q2 2019. One of the most staggering figures, asking (triple-net) rental rates have risen 29% since 2016 in the NW industrial submarket. Amenity Rich Neighborhood: With small town charm and big city amenities, the Property is located in Kennesaw and within a stone’s throw of the Cobb County International Airport, a FedEx ground facility, and Town Center at Cobb mall. Cobb Parkway is home to hundred of shops, restaurants, and entertainment options, making 1610 & 1620 Cobb International a desirable location for tenants. Additionally, Cobb County has one of the highest standards of living state of Georgia and one of the most desirable school districts. Highly Functional Assets: The Offering, comprised of two rear-load shallow bay assets, has a fully concrete truck court and is equipped with 15 dock high doors (3 with ramps). The staggered footprint of Building 1620 allows for an Investor to market to a wider tenant base and capture higher rents. The Property boasts a parking ratio of over 1.6 spaces per 1,000 square feet and two points of ingress and egress to Cobb International Blvd. Rare, Undemanding Multi-Tenant Management: This Offering, provides investors with a multi-tenant asset that isn’t management intensive. The Portfolio is a part of a master planned park with a condominium ownership structure where the condo association maintains all of the commons areas, landscaping, lighting, roofs and more. Interstate Access: The Property is only 2.7 miles and 7 stop lights away from Interstate 75, the ‘Gateway to the South’. Providing access to Interstate-285 connecting you to all of Atlanta in minutes. To the North, I-75 takes you to Tennessee, Kentucky and the Midwest.
Jones Lang LaSalle Americas (‘JLL’) and Stream Realty Partners – Atlanta, L.P. (‘Stream’), both Georgia licensed real estate brokers, have been retained to offer for sale 1610-1620 Cobb International (the “Property”, or “Offering”). This 83.7% leased two building portfolio is located at 1610 & 1620 Cobb International Blvd in an infill position within Kennesaw, Georgia. 1610-1620 Cobb International benefits from the strong fundamentals of the Northwest Atlanta Industrial submarket, the amenity rich Cobb Parkway corridor and proximity to Interstate-75. These rear-load light industrial buildings are highly functional with suite sizes ranging from 2,800 square feet to 11,200 square feet. With 2.44 years of weighted average remaining lease term, these highly desirable shallow bay assets provide immediate cash flow certainty. 1610-1620 Cobb International offers investors the opportunity to acquire a substantially stabilized asset at an advantageous basis with a value-add component in leasing vacancy and marking to market.