Past Investment
Wharton Bakers Ferry Distribution Center
South Fulton, GA
Building Type: Distribution Center
Building Size: 315,500 sq. ft.
Acquisition Cost: $4,780,000
Building Type: Distribution Center
Building Size: 315,500 sq. ft.
Acquisition Cost: $4,780,000
Project Overview
Wharton Bakers Ferry was purchased in February 2014. The four building 315,500 square foot project is located in Atlanta’s I-20 West industrial corridor.
The property was purchased from an institutional ownership group, CIGNA. The $4,780,000 ($15.15 SF) purchase price was significantly below replacement cost. CRE Holdings completed significant renovations on the four buildings replacing several roofs, repaving several truck court and parking lots while also completing significant cosmetic exterior improvements at all four buildings and numerous tenant’s spaces.
At the time of purchase, the property was 75% leased and within six months the project was 100% leased and was 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.