2121 Hewatt Road, Snellville GA

Industrial for Sale - $1,060,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #948234
Location2121 Hewatt Road
Snellville GA 30039
Last UpdatedNovember 5th, 2017
TypeIndustrial
Price$1,060,000

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Property Description

This 12,840 square foot warehouse building in Snellville, Georgia was constructed in 1985 and sits on a 0.93 acre site. The property sits on the corner of Hewatt Road (225 front feet) and McDaniel Connector (188 front feet) and is zoned M-1 by Gwinnett County. The building consists of twelve tenant bays each of approximately 1,070 square feet. The property is currently 92% occupied by five tenants.

The building is concrete block and wood frame construction with concrete slab floor and brick veneer and wood panel exterior construction. The property has a pitched roof consisting of shingles over wood decking and wood joists. The building has 12 metal slat overhead doors and concrete paved parking accommodating around 20 spaces.

The subject property is offered for sale at $82 per foot. This price is well below replacement cost and will offer the opportunity for an excellent return on investment with modest increases to rents. A new owner could also consider passing thru CAM expenses which would add revenue and keep total cost to tenant at or below market.

Location Description:

Site fronting at the corner Hewatt Road (225 front feet) and the McDaniel Connector (188 front feet).

Highlights:

>> 12,840 SF warehouse building

>> 0.93 AC

>> 12 tenant bays of about 1,070 SF each

>> 20 parking spaces

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