Atlanta, GA, October 01, 2018 --(PR.com
)-- A partnership led by Wiedmayer & Co. today announced it has closed on the acquisition of 1840 Tucker Industrial Road, an existing single-story, shallow-bay, industrial warehouse, located in the Tucker/Stone Mountain Industrial submarket of Atlanta, Georgia, for approximately $750,000.00.
Situated in the Stone Mountain Industrial Park, which is a 4.1-million-square-foot, master-planned business park encompassing 69 buildings in the Tucker/Stone Mountain submarket of Atlanta. The asset is ideally located near the intersection of Stone Mountain Freeway (Highway 78) and Mountain Industrial Boulevard, minutes from Interstate 285.
“In line with our strategy to create value through reinvestment, we look forward to executing on our plans to enhance 1840 Tucker Industrial Road by completing upgrades to the building’s exterior and interior areas,” stated Ryan N. Wiedmayer, Managing Director of Wiedmayer & Co. “The property’s desirable DeKalb County location, with direct access to a robust highway network, positions it strongly in the regional market to both attract and retain high-caliber tenants.”
Wiedmayer & Co. will drive the value creation above certain hurdle rates, manage the asset on behalf of the partnership and provide leasing services. Wiedmayer & Co. achieves above market returns by utilizing its hands-on approach, intimate market knowledge, and superior operating strategies to turn inefficiencies to its advantage. Ryan Wiedmayer represented the Partnership in this transaction, the seller was represented by David Evans with The Simpson Company.
About Wiedmayer & Co.
Wiedmayer & Co. is an investment and operating platform composed of highly skilled real estate professionals and entrepreneurs with a unique ability to originate, structure, underwrite, close, asset manage and reposition value-add and core investments in commercial real estate. Our core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication.