Case Study: 4304 Sudan Rd. Augusta, GA

Thoughtful investment decisions can equal long term gains in any market.

In this case, our clients were looking for a value-add industrial deal along a major traffic route. Whether it was vacant or occupied was not a major consideration, but this property was approximately 50% occupied at the time of purchase. The plan was to complete the purchase, upgrade the property condition, subdivide the vacant space to make it more marketable, hire professional management, and ultimately have a renovated and income-producing investment property within 180 days. 

For a project like this to be successful, a lot of pre-planning has to occur: complete lease abstracts, get bids on renovations, hire an attorney to verify title, inspect the roof/HVAC/sprinkler system, A/C, complete environmental studies, etc. are necessary even before closing. 

During the period between due diligence expiring and closing, the buyers scheduled vendors for painting, landscaping, paving, HVAC work, and plumbing repairs. Pre-scheduling these appointments allowed the buyers to reduce the lead time for the completion of repairs and get to market as quickly as possible. 

Once closing occurred, there was a flurry of activity for several weeks. Notifying existing tenants of ownership changes, setting up bank accounts, transitioning management duties, meeting vendors on site and overseeing work, and getting marketing ready began immediately. 

Because of the buyer’s clear objective and adhering to their strategic plan, this property has been an astounding success.  Just a few months removed from closing, the renovations are complete, and the renovated asset is 90% leased with strong interest in the remaining space. 

Atlas was instrumental at every step in helping this buyer develop and execute their plan.  We assisted in developing the plan, represented the buyer in the purchase and now manage the asset on behalf of the buyer.  If you’re interested in commercial real estate and would like similar results, call or email us today for more information on your next project.