Pleasantdale Industrial Park

Doraville, GA

Square Footage: 127,391 Acquired: June 2020

Located adjacent to the I-85, just seconds north of the I-285 interchange, the Project comprises two buildings and eight (8) industrial units ranging in size from 7,625 s.f. to 30,250 s.f., with the majority of suites between 7,625 s.f. and 15,250 s.f.  The Project is 100% occupied (due to a recently executed deal) and includes multiple leases that have effective rental rates averaging 28% below current market levels.  All of the leases expire within the seven-year business plan, which provides an excellent opportunity to roll rental rates to higher market levels and create staggered future lease expirations for sale benefit purposes.