Shallow Bay Industrial

Significant Mark-to-Market Value-Add Opportunity: The property is currently operating with below-market rents, while market leasing assumptions support rates over $15/SF NNN. This presents a compelling opportunity to materially increase cash flow, with proforma NOI projected to substantially increase through strategic lease-up and rent normalization.
Short-Term Lease Profile Driving Near-Term Upside: The majority of tenants have lease expirations in 2026, with one tenant currently on a month-to-month lease. This rollover schedule provides investors with immediate control over leasing strategy, enabling rapid rent adjustments, tenant repositioning, or conversion to a more favorable lease structure.
Highly Functional Shallow Bay Industrial Asset: The ±37,900 SF building is configured into six suites, ideal for small-bay users. The property features 22’ clear heights, a balanced loading mix of 4 dock-high doors and 3 grade-level doors, and durable masonry and metal construction. This versatility supports a wide range of tenant uses including light manufacturing, service contractors, and distribution.
Strategic Positioning in the North Atlanta Industrial Corridor: Located in Alpharetta, one of the most desirable submarkets within the Atlanta MSA, the asset benefits from strong demographics, a highly educated workforce, and proximity to major thoroughfares serving the metro area. Industrial product in this submarket remains scarce, particularly small-bay space, driving sustained tenant demand and rental rate growth.

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Maxx Bauman