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Bull Realty brokered the sale of a 163,000 SF industrial manufacturing and distribution warehouse on 20 acres in Peachtree City, GA. The sale closed on June 1st for $9 million. The building is 100% occupied by Wencor Group, an aviation solutions company.
The team of Jason Callaway and Davis Finney with Bull Realty represented a Private Trust in the purchase. The seller Dividend West Partners, LLC, was represented by Mark Wright CCIM with Dividend Commercial Real Estate.
“In a thriving Industrial market where cap rates have fallen over the last few years, it is great to be able to locate a nice investment for clients. The Atlanta area market is one of the hottest in the country seeing major investments and development, yet there are still opportunities, “ said Callaway.
“This is a great investment for our client. The tenant is a major aviation manufacturer located just 20 miles south of the world’s largest airport. We made sure our client acquired the adjacent 9-acre tract in case the tenant decides to expand in the coming years. We expect the Atlanta market to continue to thrive,” said Finney.
For more information contact Bull Realty at 404-876-1640 or [email protected] – Bull Realty, Inc. is a commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing, management and advisory services. The firm also produces and hosts America’s Commercial Real Estate Show.