Lincoln Property Company Southeast (Lincoln) has arranged the $1.06 million sale of 5203 South Royal Atlanta Drive, a 16,002-square-foot flex industrial property located in Tucker, Georgia. Chip Sipple and Jeff Henson of Lincoln represented the seller, Lucien Kimball, in the transaction, and David Barker with Keystone Commercial represented the buyer, South Royal 3453, LLC.
The property is 100 percent leased by New South Construction Supply (New South), a construction supply company headquartered in Greenville, South Carolina. New South recently executed a new long-term lease and will serve as their second location within the Atlanta market.
Built in 1987, the industrial building is located on two acres within the Royal Atlanta Business Park. Features of the property include 18-foot ceilings, approximately 5,000square feet of office space, five dock high doors, one drive-in door and ample surface parking.
5203 South Royal was the second building that Lincoln has sold for Kimball in the past six months.
“Jeff and Chip have done a great done for us on both transactions,” Kimball said. “They were able to find buyers within a short period of time and close quickly at pricing levels that exceeded our expectations.”
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.
For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog.
