IPG E-Market Report | December 2023

MARKET REPORT A Guide to Industrial Real Estate in Northeast Georgia

Online Issue

December 2023

FOR LEASE

4350 Avery Drive | Hall County ±114,240 sq. ft. industrial building for lease in Flowery Branch, GA. Building features ±2,282 sq. ft. of office space, 22' clear ceiling height, 9 dock high doors, 1 drive-in door, 35' x 48' column spacing, wet sprinkler system (100% coverage), and 600 amp, 480/270 volts, 3-phase power. Less than one mile to I-985 via Exit 14. Great for warehouse or manufacturing.

Contact Floyd or Drew - #378

The IPG Difference — IPG has created a team approach where each team member has a specific role in servicing and caring for each and every IPG client. Any team member can assist you with more information about any property in the Market Report. Call IPG at: 770•536•6555

LOCAL KNOWLEDGE GLOBAL NETWORKS

Best wishes for a wonderful holiday season with peace and prosperity in the coming year.

From all of us at Industrial Properties Group, Inc.

Industrial Market Data

Inventory SF

307M

(+3.1%)

Prior Period 297M

I-85 Market Recap

Under Construction SF

8.1M

(-29.6%)

Prior Period 11.5M

12 Mo Net Absorption SF

2.6M

(For period changes Q4 2022 - Q4 2023 est.)

(-72.6%)

Prior Period 9.5M

Vacancy Rate

Data reflects information related to Industrial & Flex Space

5.9%

(+2.1%)

Prior Period 3.8%

Market Rent Per SF

$9.11

(+6.9%)

Prior Period $8.52

Market Sale Price Per SF

$109

(+3.0%)

Prior Period $106

Market Cap Rate

7.0%

(+0.4%)

Prior Period 6.6%

2

Industrial Properties Group, Inc.

770•536•6555

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Inventory SF

127M

(+3.0%)

Prior Period 123M

I-20 Market Recap

Under Construction SF

2.1M

(-59.2%)

Prior Period 5.2M

12 Mo Net Absorption SF

338K

(-66.9%)

(For period changes Q4 2022 - Q4 2023 est.)

Prior Period 1M

Vacancy Rate

5.7%

(+2.5%)

Data reflects information related to Industrial & Flex Space

Prior Period 3.2%

Market Rent Per SF

$8.93

(+6.3%)

Prior Period $8.4

Market Sale Price Per SF

$92

(+3.2%)

Prior Period $89

Market Cap Rate

6.9%

(+0.4%)

Prior Period 6.5%

Industrial Properties Group, Inc.

Information and details contained herein have been obtained from third-party sources believed to be reliable; however, Industrial Properties Group has not independently verified its accuracy. Interested parties should perform their own due diligence regarding the accuracy of information. Third-party data source: CoStar Group, Inc.

770•536•6555

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3

Buildings

RIDGEWAY 85 LOGISTICS CENTER

1532 Ridgeway Church Rd Jackson County

Build-to-Suit ±315,000 Sq. Ft. Industrial Building For Lease in Commerce, GA

±315,000 sq. ft. build-to-suit building for lease in Commerce, GA. Property features include ±70 dock spaces, 87 trailer spaces, and 224 car spaces. Great for regional supplier, OEM or distributor. Located across from SK Battery America and ±20.7 miles from the new inland port in Gainesville, GA. Easy access to I-85 via Exit 147 (Hwy 98) or Exit 149 (US 441).

Contact Floyd or Drew - ID #10786

BUILD-TO-SUIT | FOR LEASE

4

Industrial Properties Group, Inc.

770•536•6555

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Buildings

±235,500 sq. ft. build-to-suit in Commerce, GA on ±29 acre site. Proposed features include 165 parking spaces, 70 trailer spaces, and 185' truck court. Other building specs TBD based on tenant needs. Only ±1 mile to I-85 via Exit 147.

Located adjacent to SK Battery.

Contact Floyd or Drew - ID #11012

STEVE REYNOLDS INDUSTRIAL PKWY Site #2 Jackson County Build-to-Suit ±235,500 Sq. Ft. Industrial Building For Lease in Commerce, GA

BUILD-TO-SUIT | FOR LEASE

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

5

Buildings

FOR SALE OR LEASE

546 OLD LIBERTY HILL RD Stephens County

±100,000 - 211,046 Sq. Ft. For Sale or Lease in Toccoa, GA

±100,000 - 211,046 sq. ft. industrial facility for sale or lease in Toccoa, GA. Building has a paved lay down yard, fenced truck court, and ample parking. Section A is ±111,046 sq. ft. and Section B is ±100,000 sq. ft. Excellent location in the I-85 corridor with access to major industrial businesses.

Contact Drew or Floyd - #3095

6

Industrial Properties Group, Inc.

770•536•6555

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Buildings

SECTION A

SECTION B

±111,046 sq. ft.

±100,000 sq. ft.

13’8” ceiling height

27” ceiling height

27’6” x 30’ column spacing

25’ x 50’ column spacing

12 dock high doors

6 dock high doors

1 drive-in door

1 drive-in door

800 & 1000 amp/480V

800 amp/480V

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

7

Buildings

975 GERRARD RD Franklin County

±197,450 Sq. Ft. Freestanding Industrial Building For Sale In Lavonia, GA

±197,450 sq. ft. industrial building for sale on a ±17.19 acre site in Lavonia, GA. The building features ESFR sprinkler, 10 dock high doors, 2 drive-in doors, 28'32' ceiling height, 50' x 50' and 50' x 60' column spacing. Excellent location to service the growing I-85 corridor.

Only ±2 miles to I-85.

Contact Floyd or Drew - ID #5882

FOR SALE

8

Industrial Properties Group, Inc.

770•536•6555

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Buildings

±180,000 sq. ft. build-to-suit in Commerce, GA on ±16.5 acre site.

Proposed features include 150 parking spaces and 135' truck court.

Other building specs TBD based on tenant needs. Only ±1 mile to I-85 via Exit 147 and located adjacent to SK Battery.

Contact Floyd or Drew - ID #11012

STEVE REYNOLDS INDUSTRIAL PKWY Site #1 Jackson County

Build-to-Suit ±180,000 Sq. Ft. For Lease in Commerce, GA

BUILD-TO-SUIT | FOR LEASE

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

9

Buildings

FOR LEASE

PRESCO INDUSTRIAL PARK WEST 2480 Atlanta Hwy, Suite A Hall County

±52,737 Sq. Ft. For Lease in Gainesville, GA Contact Drew or Floyd - ID #10914

10

Industrial Properties Group, Inc.

• ±52,737 sq. ft. industrial space for lease • ±1,800 sq. ft. office area • 26’ 6” ceiling height • 6” reinforced slab • 2 drive-in doors (12’ x 14’) • 9 dock high doors (9’ x 10’) / 5 with 40,000 lb. pit levelers • 42’ x 50’ column spacing • ESFR sprinkler • LED lighting • 480/240 V, 3 phase power • Frontage / Visibility on Atlanta Highway • Only ±0.6 miles to I-985 via Exit 17

770•536•6555

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Buildings

FOR SUBLEASE

• Located in Oakwood South Industrial Park • ±1,823 sq. ft. of office space • Lighting – Office T-8 / Warehouse T-5 • 1 drive-in door (12’ x 14’) • 10 dock high doors • 22’ ceiling height • 120’ truck court, 50’ concrete pad • 2000 amp/480V, 3-phase power • Easy access to I-985 via Exit 14 • Close proximity to major industrial businesses in the growing I-85 corridor

Industrial Properties Group, Inc.

5350 MCEVER RD UNITS G-J Hall County

±25,432 Sq. Ft. Industrial Space For Sublease in Flowery Branch, GA Contact Drew or Floyd - ID #6013

770•536•6555

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11

Buildings

FOR LEASE

4360 AVERY DR Hall County

±25,000 Sq. Ft. Industrial Space For Lease in Flowery Branch, GA Contact Drew or Floyd - ID #11239

12

Industrial Properties Group, Inc.

±25,000 sq. ft. industrial space for lease in Flowery Branch, GA with ±450 sq. ft. office area, 22' clear ceiling height, 3 dock high doors, 1 drive-in door, 35' x 48' column spacing, wet sprinkler system (100% coverage), and 600 amp, 480/270 volts, 3-phase power. Convenient to I-985 via Exit 14 (less than one mile).

Great for warehouse or manufacturing.

770•536•6555

www.ipgproperties.com

Buildings

FOR LEASE

±19,188 sq. ft. office/ warehouse / flex space for sale in Gainesville, GA comprised of (4) ±4,797 sq. ft. suites.

Space is fully climate-controlled with a newly replaced 20-ton warehouse HVAC unit. 13'-16' clear ceiling height, 4 dock high doors, security system, and ample 3-phase power capability throughout the building. Easy access to I-985 at Exit 20.

2481 HILTON DR SUITES 1A - 4A Hall County

±19,188 Sq. Ft. Office / Warehouse / Flex Space For Sale in Gainesville, GA Contact Drew or Palmer - ID #8785

Industrial Properties Group, Inc.

770•536•6555

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13

Buildings

0 ENTERPRISE DR Jackson County

Build-to-Suit ±10,000 Sq. Ft. Single Tenant Facility For Lease in Pendergrass, GA Contact Drew or Floyd - ID #10449

±10,000 sq. ft. build-to-suit single tenant facility for lease in Pendergrass, GA. Located in North Jefferson Business Park. Office is build-to-suit. Property features include 1 dock high door, 1 drive-in door, and 20' clear ceiling height. Excellent frontage on Hwy 129 with a traffic count of 16,500 cars per day. Only ±20 miles to I-985 and ±1.5 miles to I-85 at Exit 137. Great location with access to industrial market.

FOR LEASE

14

Industrial Properties Group, Inc.

770•536•6555

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Buildings

2805 RAMSEY RD ±2,808 sq. ft. office building for lease in Gainesville, GA with 10 private offices and fenced parking (20 parking spaces).

Ideal headquarters for developer, architect, engineer, surveyor, or other industrial related companies. Visibility on White Sulphur Road / Ramsey Road.

Located just off of Hwy 365 and only ±0.3 miles to I-985.

Hall County

±2,808 Sq. Ft. Office Building For Lease in Gainesville, GA Contact Drew or Palmer - ID #480

FOR LEASE Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

15

Buildings

FOR SALE OR LEASE

JUST SOLD

7780 TARA BLVD Clayton County

±2,286 Sq. Ft. on 3.764 Acres For Sale or Lease in Jonesboro, GA

±2,286 sq. ft. building on ±3.764 acres for sale or lease in Jonesboro, GA with ±1,700 sq. ft. of office space and 1 drivein door. Site offers visibility from 3 road frontages and traffic count of 61,560 VPD (2022). Zoned Commercial and has a variety of potential uses.

Contact Gene - ID #11281

16

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

Buildings

FOR LEASE

73 ENTERPRISE DR ±1,800 sq. ft. office/warehouse suite for lease in Pendergrass, GA with 3 private offices, 1 drive-in door, and 20' ceiling height in the warehouse area. The suite is located in a professional business park setting with good visibility from Hwy 129. Convenient to I-85 via Exit 137 in Pendergrass.

Jackson County

±1,800 Sq. Ft. Industrial Space For Lease in Pendergrass, GA Contact Drew or Palmer - ID #1972

Industrial Properties Group, Inc.

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17

Industrial Land Listings

GA H

WY 8 3

±169 acres

I-20

EXIT 113

0 HIGHWAY 83 Morgan County

±169 Acres For Sale in Madison, GA

±169 acres for sale in Madison, GA. Zoned I-2 Light Industrial with ±2,235 feet of frontage on Highway 83. Flat to gently rolling topography. All utilities at site. Prime industrial site would be excellent for Rivian or Caterpillar Suppliers. Will consider dividing and build-to-suit.

Contact Gene ‐ ID #7774

18

Industrial Properties Group, Inc.

770•536•6555

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Industrial Land Listings

±49.54 acres for sale in Commerce, GA with ±808 feet of frontage on I-85 and ±650 feet of frontage on Hwy 59. Excellent location for a regional distributor or manufacturer looking to service clients in the I-85 corridor. Close proximity to major industrial businesses and less than one mile to I-85 at Exit 154.

HWY 59 & I-85 Banks County

±49.54 Acres For Sale in Commerce, GA

Contact Drew or Floyd ‐ ID #11198

±49.54 acres

EXIT 154

Mar-Jac Poultry

Hw y4 41 I-85 Proposed Re-Development (Atlanta Dragway)

SELIT North America

59

Kerry, Inc.

I-8 Tanger Outlets

Future RAI Industrial Fabrication Facility

±49.54 Acres I-85 & Hwy 59

5N

EXIT 149

Restaurant Depot Commerce Exchange Business Park Proposed Industrial Park

SK Battery America

Hw

Ollie’s

y4

5S

I-85

Industrial Properties Group, Inc.

41

I-8

EXIT 147

GE

Commerce 770•536•6555

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19

Industrial Land Listings

±13 acres

0 CORNOG RD Franklin County

±13 Acres For Sale in Lavonia, GA

±13 acres for sale in Lavonia, GA. Flat to gently rolling topography. 6" Water and 6" Sewer (City of Lavonia).

Close proximity to retail, medical, and industrial businesses along I-85. Variety of potential uses including commercial, residential, or industrial. Only ±0.8 miles to I-85 at Exit 173.

Contact Drew or Palmer- ID #6225 *Owner is licensed in the State of Georgia (License #162356).

20

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

Industrial Land Listings

±7.81 acre site available in Oakwood, GA. Site is located in Oakwood South Industrial Park. Site provides privacy with easy interstate access. Only ±2 miles to I-985, Exit 14. Great option for end user.

Contact Drew or Floyd ID #11011

5573 RAFE CT SITE #16 Hall County

±7.81 Acres For Sale in Oakwood, GA ±7.81 acres

Industrial Properties Group, Inc.

770•536•6555

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21

Industrial Land Listings NE LIS W TIN G

3251 MABRY RD Hall County

±7.01 Acres For Lease in Gainesville, GA

±7.01 acres for lease in Gainesville, GA The site is zoned Light Industrial with close proximity to major industrial businesses in Gainesville/Hall County.

Will consider BTS opportunities up to ±80,000 sq. ft. with outside storage.

Convenient to Hwy 369, Hwy 53, and Atlanta Hwy. Contact Drew or Floyd ID #10456

FOR SE LEA

22

±7.01 acres

Industrial Properties Group, Inc.

770•536•6555

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Industrial Land Listings

±6.86 acre site available in Oakwood, GA. Site is located in Oakwood South Industrial Park. Commercial site with high visibility on McEver Rd. Traffic Count of 9,500 VPD. Only ±1.5 miles to I-985, Exit 14. Great option for shallow bay or flex warehouse development in growing South Hall corridor.

Contact Drew or Floyd ID #11010

ALOHA WAY SITE #20 Hall County

±6.86 Acres For Sale in Oakwood, GA

±6.86 acres

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

23

Industrial Land Listings

NEW LISTI NG

±0.98 acres

0 HILTON WAY Hall County

±0.98 Acres For Sale in Gainesville, GA

±0.98 acres for sale in Gainesville, GA. Located in an established industrial park.

Zoned Light Industrial with water & sewer available at site. Only ±2.6 miles to I-985 with easy access to Browns Bridge Rd, Atlanta Hwy, and I-985.

Contact Drew or Palmer ID #11410

24

Industrial Properties Group, Inc.

770•536•6555

www.ipgproperties.com

MAILING ADDRESS: PO Box 364 Gainesville, GA 30503 770.536.6555

This information has been prepared by Industrial Properties Group, Inc. for the sole express use by clients of Industrial Properties Group.

The information herein was obtained from sources deemed reliable but Industrial Properties Group does not guarantee accuracy.

I-85 Corridor

I-20 Corridor

Floyd H. Baldwin, SIOR

Drew C. Addison, SIOR Regional Sales Director 770.536.6555, Ext. 232 Mobile: 678.316.2409

Regional Sales Associate 770.536.6555, Ext. 234 Mobile: 770.561.3751

Regional Sales Director 770.536.6555, Ext. 223 Mobile: 706.474.2835

fbaldwin@ipgproperties.com

daddison@ipgproperties.com

ploggins@ipgproperties.com

gbaldwin@ipgproperties.com

President 770.536.6555, Ext. 222 Mobile: 770.287.5288

Palmer Loggins

Gene Baldwin, Jr.

MISSION STATEMENT To provide the highest level of service for clients and customers in the purchase, sale, leasing and development of industrial real estate.

Local Knowledge • Global Networks

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