1001 Cherry Drive

1001 Cherry Drive Braselton, GA 30517

  • 455,602 Square Feet
  • Industrial
  • For Sale

Summary Description

Colliers has been retained on an exclusive basis to sell 1001 Cherry Drive located in Braselton, Georgia, is a 455,602 square foot bulk distribution facility in the premier Northeast Atlanta Industrial Submarket. Cherry Drive is 100% occupied by two tenants at below market rents (TranSouth Logistics and Year One) with tenure at the Property, and high probabilities of renewal. The Property is located adjacent to Interstate 85 at exit 129, providing exceptional distribution capabilities to the Atlanta Metro Area, the Southeast, and the eastern seaboard, as well as interstate frontage visibility to hundreds of thousands of vehicles daily.

The Property, which was built in 1985 and expanded in 1996, sits on 30.5 acres with potential for further expansion, additional trailer storage, additional parking, or outside storage. The Property has abundant parking (1.07/1,000 SF) with additional overflow parking on the adjacent property. Roads designed for truck traffic connect the Property to Cherry Drive and Jessie Cronic Road providing multiple truck-friendly access points to the Property. Year One routinely uses the front parking lot to host customer appreciation events and car shows that draw thousands of visitors each year, driving sales for their businesses. TranSouth utilizes the Property’s proximity to Interstate 85 to bolster their distribution network and increase their logistical offerings.

1001 Cherry Drive offers investors the opportunity to purchase a building with below market rents, in a highly sought after submarket, well below replacement cost with a site that provides long term flexibility and potential expansion.

Property Status: For Sale

Building Size: 455602 Square Feet

Area Available: 455,602 Square Feet

Features:

  • QUALITY PRIVATE CREDIT TENANTS WITH STRONG TIES TO THE COMMUNITY
  • STRONG MARKET FUNDAMENTALS
  • IRREPLACEABLE LOCATION WITH EXPANSION/DEVELOPMENT POTENTIAL
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