1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.
-
Upload
caroline-veale -
Category
Documents
-
view
218 -
download
3
Transcript of 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.
![Page 1: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/1.jpg)
1
THE BAD
ATLANTA INDUSTRIAL MARKET
![Page 2: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/2.jpg)
ATLANTA INDUSTRIAL MARKET
2
![Page 3: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/3.jpg)
ATLANTA INDUSTRIAL MARKET
3
![Page 4: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/4.jpg)
2001 2002 2003 2004 2005 2006 2007 2008 2009 20100
5
10
15
20
25
30
BIG BOX AVAILABILITY
Available Square Feet
Mil
lion
s S
FATLANTA INDUSTRIAL MARKET
250,000 SF and Greater, at least 24’ ClearSource: Todd Barton CBRE
4
![Page 5: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/5.jpg)
ATLANTA INDUSTRIAL MARKET
5
![Page 6: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/6.jpg)
ATLANTA INDUSTRIAL MARKET
6
![Page 7: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/7.jpg)
7
THE UGLY
ATLANTA INDUSTRIAL MARKET
![Page 8: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/8.jpg)
8
ATLANTA INDUSTRIAL MARKET
![Page 9: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/9.jpg)
ATLANTA INDUSTRIAL MARKET
NORTHEAST ATLANTA MARKET
9
![Page 10: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/10.jpg)
10
ATLANTA INDUSTRIAL MARKET
![Page 11: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/11.jpg)
11
ATLANTA INDUSTRIAL MARKET
![Page 12: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/12.jpg)
ATLANTA INDUSTRIAL MARKET
SOUTH ATLANTA MARKET
12
![Page 13: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/13.jpg)
13
ATLANTA INDUSTRIAL MARKET
![Page 14: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/14.jpg)
ATLANTA INDUSTRIAL MARKET
1 - 20 W / FULTON MARKET
14
![Page 15: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/15.jpg)
ATLANTA INDUSTRIAL MARKET
NORTHWEST ATLANTA MARKET
15
![Page 16: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/16.jpg)
16
ATLANTA INDUSTRIAL MARKET
![Page 17: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/17.jpg)
17
THE GOOD
ATLANTA INDUSTRIAL MARKET
![Page 18: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/18.jpg)
18
NATIONAL CLASS A INDUSTRIAL CAP RATES
Atlanta 7.25 - 7.75% Milwaukee 8.25 – 8.75%
Austin 7.50 – 8.00% Minneapolis 7.50 – 8.00%
Baltimore 7.25 – 7.75% Nashville 8.00 – 8.50%
Charlotte 7.75 – 8.25% New Jersey 7.00 – 7.50%
Chicago 6.25 – 6.75% No. California
6.90 – 7.50%
Columbus 7.75 – 8.25% Orlando 7.75 – 8.25%
Dallas 7.00 – 7.50% Philadelphia 7.25 – 7.75%
Denver 8.50 – 8.75% San Diego 7.00 – 7.50%
Harrisburg 7.50 – 8.00% Seattle 6.50 – 7.25%
Houston 7.00 – 7.50% South Florida
6.75 – 7.25%
Indianapolis
7.75 – 8.25% So. California
6.25 – 7.50%
Kansas City 8.00 – 8.50% St. Louis 8.00 – 8.50%
![Page 19: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/19.jpg)
19
10 industrial sales have closed through mid-year 2010 totaling 3.6 M SF vs. 6M SF thru mid 2009
$134M total volume down slightly year over year and 80% off 2007 peak
Avg. deal size fell to $13.4M from $23M in 2009
75% of deals completed in 2010 were completed in 2nd Quarter
91% of acquisitions in 2010 have been completed by either Advisors or REITS
Atlanta Industrial MarketInvestment Market
![Page 20: 1 THE BAD A TLANTA I NDUSTRIAL M ARKET. 2 3 4 5.](https://reader036.fdocuments.in/reader036/viewer/2022070306/5519136655034638428b48fb/html5/thumbnails/20.jpg)
Property Product Type Sq. FtNo. of Bldgs. Seller
Sold Date Price Price PSF Comments
7030 Buford Highway
Bulk Distribution 96,160 1 American Realty
Advisors
05/10 $4,050,000 $42.12 Sold to Cabot Properties. One single tenant front loading bulk distribution building located in the Doraville Industrial submarket 100% leased to Beltmann thru 12/13. Sold on a 9.3% cap.
Hartman II Bulk Distribution 261,799 1 Opus Corp. 04/10 $10,800,000 $41.25 Sold to KBS Realty Advisors. One single tenant rear load distribution building located in the I-20 West submarket in Hartman Business Center. The building was 100% leased to Nexen Tire through June 2015. Constructed in 2007, 28' clear height, ESFR. Sold on a 7.75% cap rate.
ADC III Bulk Distribution 406,989 1 Principal 02/10 $11,750,000 $28.87 Sold to KTR Property Trust. One single tenant cross-dock bulk distribution building located east of Hartsfield-Jackson Atlanta International Airport. Built in 2002, 30’ clear, 402’ deep, ESFR, 175’ deep truck court. 100% leased to UPS Supply Chain Solutions thru 8/12, sold on a 9.32% going-in cap.
300 Terminus Bulk Distribution 330,000 1 First Industrial
U/C $14,520,000 $44.00 Under Contract - multi tenant front load 30' clear bulk distribution building located off I-20 West in Douglas Co., 185' truck court leased through 2019, under contract at 7.45% cap.
Suwanee Pointe
Light Distribution 231,696 2 Taylor & Mathis
U/C Low $60's PSF
Under Contract - two building multi tenant project located in Suwanee. Front load and rear load building with state of the art design, clear heights, ESFR and trailer storage. Under contract at 8% cap.
20
Atlanta Industrial MarketInvestment Market