FAIRBURN, GA—Industrial Outdoor Ventures, the first national real estate investment company focused exclusively on the acquisition, development and re-development of industrial service facilities, has acquired a truck and container parking facility at 7255 Brumbley Ct. in Fairburn, GA, from Midway Auto Realty, for $4.5 million.
The 23.5-acre property can host approximately 700 truck or container spots. It is in Atlanta's South Industrial Submarket along I-85, near the CSX Intermodal and many of the area's new spec developments. It is fully leased to Store My Truck, an Atlanta based company that operates 28 managed parking facilities in eight states.
“In terms of managed parking facilities, 700 spots is a substantial facility and we are pleased to welcome Store My Truck, one of the largest parking operators in the southeastern US, to the porfolio, ” says IOV CEO Tom Barbera. “Given its prime location, it's a perfect fit for our growing Atlanta presence.”
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