Midland Industrial Park
220 Midland Court, McDonough, GA 30253
The Midland Industrial Portfolio consists of three bulk distribution buildings totaling 785,790 square feet and located less than one mile mile from the Interstate 75 / GA Hwy 155 interchange in one of the fastest growing industrial submarkets in metro Atlanta, Henry County. The property is 100% occupied on a long-term lease to Ozburn-Hessey Logistics, LLC, one of the largest privately held third party logistics providers in the U.S., servicing several household name retail food distributors such as Gerber, Ralston Foods and Nutrisystem.
The subject property was developed between 1998 – 2000 and has convenient accessibility to major distribution arteries including access to the Norfolk Southern railroad, the Port of Savannah, the Hartsfield-Jackson International Airport and the I-75 Highway. The Midland Industrial Portfolio is poised to provide KBS REIT with current cash flow coupled with a core, functional asset in a A+ location.
Investment at a Glance
Location: McDonough, GA
Property Type: Industrial
Acquisition Date: December 22, 2006
Purchase Price: $37,100,000
No. of Buildings: 3
Square Footage: 785,790 SF
Year Built: 1998 - 2000
Leased Percentage (at the time of Acquisition): 100%