2912 Lakeview Drive is an industrial property for lease in Rossville, GA.
The manufacturing process at this plant is fabricating and finishing lightweight metal parts. Customers of this plant include GE, Roper, Steelcase Office Furniture, Electrolux, Maytag, Bluebird Bus, PPG, HON Office Furniture, Freightliner, and subcontractor related to automotive uses. The finished product is all powder-coated with electrostatic charging (no liquid paints or hazardous materials). The current tenant has occupied the property since 1984 with the current lease ending December 31, 2016. Current annual rent thru December 2011 is $240,000; $276,000 minimum annual rental to lease termination. The lease is strictly net to owner; all expenses are paid by the tenant. Based on current rent, cap rate is 8.9. With increase in rent beginning January 1, 2012, cap rate will be 10.2.
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