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2400 Barrett Lakes Boulevard

Updated Aug 21, 2026

SOLDIndustrial

Leo Addimando Of Alterra IOS Acquires Five Industrial Properties Across Metro Atlanta

2400 Barrett Lakes Boulevard, 2611 U.s. Highway 42 South, 550 Discovery Place, 2000 Meredith Park Drive & 4303 Communications Drive

Building Size

146,700 SF

Asset Type

Industrial

Closing

Aug 21, 2026

About this deal

AI

Alterra IOS acquired five industrial outdoor storage properties totaling 146,700 square feet across 32 acres in metro Atlanta, specifically located at 2400 Barrett Lakes Boulevard, 2611 U.S. Highway 42 South, 550 Discovery Place, 2000 Meredith Park Drive, and 4303 Communications Drive. The market for these properties includes Kennesaw, Locust Grove, Mableton, McDonough, and Norcross, GA.

Summary of transaction details:

The properties are leased to a mix of national and regional tenants. The sellers and purchase prices were not disclosed, and the transactions were brokered by ONE Commercial Real Estate, Lee & Associates, King Industrial Realty, and Cone Commercial Real Estate.

On the Map

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Industrial

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Players

Leo Addimando

Broker

$1.1B

vol

15 deals

Broker
ONE Commercial Real Estate
ONE Commercial Real EstateBrokerage

Leo Addimando

Alterra IOS

Buyer

$1.1B

vol

15 deals

Buyer

Kennesaw Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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