Case Study: Vacant Industrial Property

Challenge
Strategically positioned in Doraville, this property is situated in an impressive industrial submarket that has experienced exponential rent growth in the last 24 months. The property offers a healthy blend of warehouse capabilities and newly renovated office space. The owner of five years began looking to sell after the previous tenant left and realized the appreciation.

 

Strategy
With the help of the Matthews™ proprietary database, industry-leading marketing platform, and the diligent work of the industrial team, a buyer that was willing to pay the aggressive price was identified. Running a successful and essential business in Florida, the buyer was looking to expand business operations in the Atlanta market.

 

Results
Thanks to the expertise and initiative executed by the Matthews™ team, the property sold at a record price per square foot for an industrial property in the area within the last three years. Representing both the buyer and seller, both parties reached a mutually successful outcome.