Investment Overview

Marcus & Millichap is pleased to present the sale offering of 102 N. Midway Road, a 15-year sale-leaseback investment opportunity in Cordele, Georgia. The property is located two hours south of Atlanta, Georgia, and is less than one mile from Interstate 75 access. The subject property consists of approximately 108,424 square feet of industrial freezer/cold storage space situated on approximately 49.27 acres of land complete with rail access and contains covered truck storage, 19 external docks, one drive-in door, and clear height ranging from 26’-42’. The tenant, Enson Group, is a food distribution company with an emphasis on Asian food-service products. This location will be used to service Enson’s 5 plus supermarket locations throughout the Southeast. At close of escrow, Enson Group is offering to sign a 15-year absolute net lease, with 3 percent annual rental increases and two, five-year options, and plan on taking occupancy once current capital improvement projects at the facility are completed. The purchase of this offering presents an investor with the opportunity to own a mission-critical freezer/cold storage facility, strategically located for Enson Group’s distribution needs throughout the Southeast. At the current list price of $11,500,000 the investment offering will generate an in-place net operating income of $867,392 which equates to a capitalization rate of 7.54 percent.