Past Investment
Mellon Court Distribution Center
Decatur, GA
Building Type: Brick and Steel Building
Building Size: 69,760 sq. ft.
Acquisition Cost: $750,000
Building Type: Brick and Steel Building
Building Size: 69,760 sq. ft.
Acquisition Cost: $750,000
Project Overview
2401 Mellon Court was purchased in July 2013. The 69,760 square foot brick and steel building, is located in Atlanta’s I-20 East industrial corridor.
The property was purchased from a private family trust. The $750,000 ($10.75 SF) purchase price was significantly below replacement cost. AIP Properties completely renovated the property by replacing the roof, repaving the truck court and parking lot while also totally renovating several tenants spaces.
At the time of purchase, the property was 12% leased and unable to cover its initial debt service. Within seven months the property was 100% leased and is now providing a consistent cash flow for investors.
Partner With Us
CRE Holdings open to partnering with family offices, high-net-worth individuals, and institutional capital sources, to complement their current stable of movement partners, seeking exposure to Southeast industrial real estate through a disciplined, owner-operator roll up your sleeves hands on approach.