M ARKET R EPORT A Guide to Industrial Real Estate in Northeast Georgia Industrial Market Data 2-3 Building Spotlight 4-5 Industrial Market Data Analysis 6-13 Key Terms........................................................................ 14-15 Industrial / Warehouse / Manufacturing Listings 16-21 Land 22-25 About Us 26 INSIDE 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 Build-to-suit opportunity for lease in Madison, GA. Building specs based on tenant needs. Frontage on Highway 83. Great location, only ±60 miles to Atlanta via I-20. Conceptual Plans Coming Soon! Contact Gene - #10536 Build-to-suit Opportunity 0 Highway 83 | Morgan County Online Issue September 2022 NEW LISTING I-20 GAHWY83 EXIT 113
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 2 I-85 Market Recap (For period changes Q3 2021 - Q3 2022 est.) Data reflects information related to Industrial & Flex Space Inventory SF 291M Prior Period 282M (+3.2%) Under Construction SF 15.6M Prior Period 12.7M (+23.1%) 12 Mo Net Absorption SF 9.7M Prior Period 12.9M (-24.5%) Vacancy Rate 3.7% Prior Period 4.1% (-0.4%) Market Rent Per SF $8.19 Prior Period $7.29 (+12.3%) Market Sale Price Per SF $108 Prior Period $91 (+18.4%) Market Cap Rate 6.1% (-0.1%) Prior Period 6.2% Industrial Market Data
3 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com I-20 Market Recap (For period changes Q3 2021 - Q3 2022 est.) Data reflects information related to Industrial & Flex Space Inventory SF 122M Prior Period 121M (+1.2%) Under Construction SF 3.9M Prior Period 3.5M (+14.4%) 12 Mo Net Absorption SF 1.6M Prior Period 2.8M (-42.4%) Vacancy Rate 2.9% Prior Period 3.0% Market Rent Per SF $8.01 Prior Period $7.15 (+12.0%) Market Sale Price Per SF $91 Prior Period $75 (+20.8%) Market Cap Rate 6.0% (-0.2%) 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.Prior Period 6.2% (-0.1%)
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 4 Ridgeway 85 Logistics Center 1532 Ridgeway Church Road | Jackson County Building Spotlight FOR LEASE PROPERTY OVERVIEW ±315,000 Sq. Ft. Speculative Building For Lease Jackson County, GA ±70 dock spaces 87 trailer spaces 224 car spaces Great for regional supplier, OEM, or distributor Located across from SK Battery America Contact Floyd or Drew - #10786
5 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Easy access to I-85 via Exit 147 (Hwy 98) or Exit 149 (US 441) ±20 miles from the future inland port in Gainesville, GA ±47 miles to I-285 ±77.9 miles to Hartsfield-Jackson Atlanta International Airport ±95 miles to Greenville, SC
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 6 Sq. Ft. Range # of Buildings > 1,000,000 Sq. Ft. 2 999,000-500,000 Sq. Ft. 5 499,999-100,000 Sq. Ft. 35 < 99,999 Sq. Ft. 21 Total Number of Buildings Under Construction 63 Sq. Ft. Range Total Sq. Ft. > 1,000,000 Sq. Ft. 2,201,012 999,000-500,000 Sq. Ft. 4,097,120 499,999-100,000 Sq. Ft. 8,674,864 < 99,999 Sq. Ft. 655,421 Total Sq. Ft. of Buildings Under Construction 15,628,417 I-85 Under Construction Under Construction SF 15.6M Prior Period 12.7M (+23.1%) What's included in this number? Data Analysis: BUILDINGS UNDER CONSTRUCTION (I-85) Industrial Market Data See Page 2 for Counties included in the IPG I-85 Market
I
85 UNDER CONSTRUCTION (# OF BLDGS)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
I
85 UNDER CONSTRUCTION (SQ. FT.)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
7 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Industrial Market Data 3% 8% 56% 33%
-
14% 26% 56% 4%
-
> 1,000,000 Sq.
999,000-500,000 Sq.
499,999-100,000 Sq.
99,999 Sq.
Total
1,000,000
Sq.
Sq.
99,999 Sq.
Total Sq.
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.
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 8 Sq. Ft. Range # of Buildings
Ft. 5
Ft. 6
Ft. 48 <
Ft. 29
Number of Buildings Proposed 88 Sq. Ft. Range Total Sq. Ft. >
Sq. Ft. 6,940,400 999,000-500,000
Ft. 3,995,220 499,999-100,000
Ft. 11,147,831 <
Ft. 1,198,719
Ft. of Buildings Proposed 23,282,170 I-85 Proposed Buildings Data Analysis: PROPOSED BUILDINGS (I-85) Industrial Market Data
85 PROPOSED BUILDINGS (# OF BLDGS)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
I - 85 PROPOSED BUILDINGS (SQ. FT.)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
9 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 6% 7% 54% 33% I -
30% 17% 48% 5%
Industrial Market Data
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 10 Sq. Ft. Range # of Buildings > 1,000,000 Sq. Ft. 1 999,000-500,000 Sq. Ft. 0 499,999-100,000 Sq. Ft. 9 < 99,999 Sq. Ft. 10 Total Number of Buildings Under Construction 20 Sq. Ft. Range Total Sq. Ft. > 1,000,000 Sq. Ft. 1,500,000 999,000-500,000 Sq. Ft. 0 499,999-100,000 Sq. Ft. 2,028,638 < 99,999 Sq. Ft. 420,835 Total Sq. Ft. of Buildings Under Construction 3,949,473 I-20 Under Construction Data Analysis: BUILDINGS UNDER CONSTRUCTION (I-20) Industrial Market Data Under Construction SF 3.9M Prior Period 3.5M (+14.4%) What's included in this number? See Page 3 for Counties included in the IPG I-20 Market
CONSTRUCTION (# OF
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
CONSTRUCTION (SQ.
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
11 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 5% 45% 50% I - 20 UNDER
BLDGS)
38% 51% 11% I - 20 UNDER
FT.)
Industrial Market Data
1,000,000
999,000-500,000 Sq.
499,999-100,000 Sq.
99,999 Sq.
Total
1,000,000
Sq.
Total
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.
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 12 Sq. Ft. Range # of Buildings >
Sq. Ft. 1
Ft. 5
Ft. 5 <
Ft. 4
Number of Buildings Proposed 15 Sq. Ft. Range Total Sq. Ft. >
Sq. Ft. 2,000,000 999,000-500,000 Sq. Ft. 3,783,560 499,999-100,000 Sq. Ft. 1,313,550 < 99,999
Ft. 43,500
Sq. Ft. of Buildings Proposed 7,140,610 I-20 Proposed Buildings Data Analysis: PROPOSED BUILDINGS (I-20) Industrial Market Data
I
20 PROPOSED BUILDINGS (# OF BLDGS)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
I
20 PROPOSED BUILDINGS (SQ. FT.)
> 1,000,000 Sq. Ft. 999,000-500,000 Sq. Ft. 499,999-100,000 Sq. Ft. < 99,999 Sq. Ft.
13 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 7% 33% 33% 27%
-
28% 53% 18% 1%
-
Industrial Market Data
TPO Roof
KEY TERMS
TPO vs. Standing Seam Roofing Systems
Thermoplastic Polyolefin (TPO) is a single-ply roofing membrane made of rubber which can be installed in a variety of ways. This, combined with its energy savings, makes it one of the most popular roofing materials in industrial real estate development.
OVERVIEW:
• Roofing can last 15-30 years
• Customers choose installation method (ballasted, fastened, or attached)
• Customers have a variety of options for type of insulation
PROS:
• Simple to install
• Type of installation can result in lower costs
• Bright white material option reflects UV rays and lowers energy costs
• Class A Fire-Rating can be achieved
• Made from recycled materials
• Low maintenance and repair costs
CONS:
• Relatively short lifespan (15-30 years)
• Quality of materials varies by manufacturer
• Durability can vary based on type of installation and materials used
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 14 Key Terms
Standing Seam Roof
Standing Seam metal roofing is a metal roofing system designed with concealed, unexposed fasteners. This design makes it more durable than traditional metal roofing as well as other roofing systems.
OVERVIEW:
• Roofing can last up to 50 years
• Differentiated by hidden fastener system
PROS:
• Very long lifespan (50+ years)
• One of the most durable roofing systems available
• Considered noncombustible and rust resistant
• Concealed fasteners eliminate possibility of many leaks and damage
• Made from recycled materials
• Reflective properties can decrease energy costs
CONS:
• More expensive to install
• Repairs may be more costly than rubber roofing materials
• More noisy than other roofing options
15 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Key Terms
Steve Reynolds Industrial Pkwy Site #2 Jackson County ±235,500 sq. ft. industrial building for lease in Commerce, GA. Build-to-suit 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 and located adjacent to SK Battery America. Contact Floyd, Drew, or Griffin - #11012 FOR LEASE Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 16 Buildings Industrial / Warehouse / Manufacturing Listings
17 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Buildings Steve Reynolds Industrial Pkwy Site #1 Jackson County ±180,000 sq. ft. industrial building for lease in Commerce, GA. Build-to-suit 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 America. Contact Floyd, Drew, or Griffin - #11012 FOR LEASE
LEASE
New multi-tenant facility for lease with options up to ±100,000 sq. ft. in Presco Industrial Park West. Construction to begin in Q4 2022. Office is build-to-suit. Property features include 42' x 50' column spacing, 6" reinforced slab, 2 drivein doors, 21 dock high doors, ESFR sprinkler, and 480/240 V, 3 phase power. Great location with easy access to I-985. Only ±0.6 miles to Exit 17.
Contact Drew, Floyd, or Griffin#10914
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 18 Buildings Industrial / Warehouse / Manufacturing Listings
Presco Industrial Park West 2490 Atlanta Highway Hall County FOR
FOR SALE OR LEASE
1228 Memorial Drive
Stephens County
Two industrial facilities for sale or lease (total of 45,000 sq. ft.) on a ±5.62 acre site in Stephens County, GA. Both buildings are clear span and have ample room for outside storage and/or parking. Easy access to Hwy 17 and I-85. Great for light manufacturing or distribution.
Building 100 is ±30,000 sq. ft. with 18’ ceiling height, 2 dock high doors, 7 drivein doors, a ±600 sq. ft. office area and heavy power.
Building 200 is ±15,000 sq. ft. and offers 18’ ceiling height, 2 dock high doors (10’ x 10’) and 1 drive-in door (12’ x 14’).
Contact Drew, Griffin, or Floyd #1581 & 1582
19 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Buildings
FOR LEASE
2950 Eatonton
0
±25,000 sq. ft. free standing facility for lease in Madison, GA. ±15,000 sq. ft. clear span, ±10,000 sq. ft. 25' x 50' columns, and ±500 sq. ft. office partition. Property features include 2 drive-in doors (8' x 8'), LED lighting, and 3-phase power. Building is 100% air conditioned. Great for potential commercial, light industrial, or storage. Will consider tenant improvements. Frontage on Eatonton Hwy (HWY 441). Only ±1.9 miles to I-20 via Exit 114.
Contact Gene ‐ #11063
TO-SUIT
±10,000 sq. ft 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.
Contact Drew, Griffin, or Floyd - #10449
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 20 Buildings
FOR LEASE
Enterprise Drive Jackson County NEW LISTING
Hwy Morgan County BUILD-
±4,176 sq. ft. office space for lease in Downtown Gainesville, GA. Space features multiple private offices, reception area, conference room, and breakroom. Large open concept and visibility on the Gainesville Square.
Contact Drew, Griffin, or Floyd#11071
21 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Office 200 Washington Street Hall County
FOR LEASE NEW LISTING
±32.17 acres
68 Hwy 22 West Baldwin County
±32.17 acre tract for sale in Milledgeville, GA. The property has flat topography and is served by city water and sewer. ±1,341 feet of frontage on State Hwy 22 and ±2,195 feet of frontage on Britt Waters Road. Not in city limits - no zoning.
Contact Gene ‐ #10536
Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 22
Industrial Land Listings
±8.5
±8.5 acres for sale in Covington, GA. Zoned M-2. No flood zone. Gently rolling topography. Great location to service I-20 corridor. Only ±1.1 miles to I-20 (Exit 92), ±0.5 miles to new Covington Town Center mixeduse development, and ±11 miles to Stanton Springs (Facebook / Rivian).
Contact Gene - #11067
11069 Bob Williams Pkwy Newton County
23 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com
Industrial Land Listings
acres NEW LISTING
Wolf Way, Lots I & L Jackson County
Industrial Land Listings Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com 24
±8.093 acres for sale in Jefferson, GA. Located in Central Jackson Industrial Park. Zoned Light Industrial. Great location to service the I-85 corridor. Only ±0.5 miles to Hwy 129, ±6 miles to I-85, ±20 miles to Athens, ±60 miles to Atlanta Contact Drew, Griffin, or Floyd - #10961 Wolf Way ±8.093 acres
±7.81 acres
5573 Rafe Court (Site #16)
Hall County
±7.81 acre site available in Oakwood, GA. Located in Oakwood South Industrial Park. Site provides privacy with easy interstate access. ±2 miles to I-985, Exit 14. Great option for end user.
Contact Drew, Floyd, or Griffin - #11011
±6.86 acres
Aloha Way (Site #20) Hall County
±6.86 acre site available in Oakwood, GA. 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, Floyd, or Griffin - #11010
25 Industrial Properties Group, Inc. 770•536•6555 www.ipgproperties.com Industrial Land Listings
Industrial Properties Group specializes in providing the highest quality of service in the industrial real estate market. Founded in 1991, IPG is a diversified, full-service leader in the markets we serve. With offices located in Northeast and Middle Georgia, our firm assists clients throughout the Southeast, with a primary focus on the GA 316, I-85, I-985 and I-20 corridors.
The IPG Difference
The IPG Difference represents our company's framework for providing a seamless experience for our clients and helps them understand how their property will be marketed. By combining our extensive knowledge of the local market, and our global networks, with a deep understanding of our clients' needs, we have proven for more than 30 years that the IPG Difference works.
Team Approach - Each client has a Sales Agent that leads the support team comprised of other sales agents, marketing and administrative personnel.
IPG Market Report - We publish your listing in The IPG Market Report which is a longstanding publication that has a circulation of individuals, industrial property owners, tenants, investors and industrial brokers.
Custom Marketing Solutions - The IPG Team customizes our marketing strategy around the special features of your property in an aggressive and targeted fashion. All marketing activities are analyzed and adjusted to ensure your property is sold or leased.
Proprietary Database - Our proprietary database allows us to make direct personal calls and implement target marketing to potential prospects.
Society of Industrial and Office Realtors®
IPG is a member firm of SIOR, the leading professional industrial and office real estate association. With more than 3,400 members in 686 cities and 38 countries, SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. IPG will broadcast your property to SIOR Industrial Specialists and network through personal relationships built through SIOR membership.
Atlanta Commercial Board of Realtors® - Current membership of the ACBR is comprised of more than 2,200 commercial realtors and affiliates. ACBR is the fundamental backbone backbone of the commercial real estate industry in Georgia. Our membership with ACBR allows us the opportunity to promote your property to members of ACBR via the Commercial Board Exchange Mail system.
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. MAILING ADDRESS: PO Box 6 Maysville, GA 30558 770.536.6555 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 www.ipgproperties.com Floyd H. Baldwin, SIOR President 770.536.6555, Ext. 222 Mobile: 770.287.5288 fbaldwin@ipgproperties.com Drew C. Addison, SIOR Regional Sales Director 770.536.6555, Ext. 232 Mobile: 678.316.2409 daddison@ipgproperties.com Gene Baldwin, Jr. Regional Sales Director 770.536.6555, Ext. 223 Mobile: 706.474.2835 gbaldwin@ipgproperties.com Griffin Price Regional Sales Associate 770.536.6555, Ext. 233 Mobile: 678.936.3289 gprice@ipgproperties.com I-85 Corridor I-20 Corridor