Our Investments
Investments Selected with Precision to perform with power
1775 Founders Parkway
1775 Founders Parkway
Alpharetta , GA
Alpharetta , GA
Type: Industrial
Size: 100,125
Built:
Investment Date: 12/20/2021
Strategy: Value Add
The investment represents an off-market opportunity to acquire a highly functional Class A-/B+ building in a densely developed infill Atlanta corridor. The property will be 100% occupied for 6-months with the tenant covering operating expenses while the property is marketed for lease. The business plan includes modest capital improvements (whitebox warehouse, resurface truck court, roof replacement) and lease-up the building near-term at prevailing market rents. The Atlanta market totals 765mm sf with a vacancy rate of 3.8% and TTM rent growth of 9.6%.