Allnex Headquarters
Atlanta, Georgia

The Allnex Headquarters building was acquired by Property Income Advisors, Inc. on behalf of a Gulf-based private client during December 2013.  Constructed in 2005, the two-story 50,933 square foot office property is leased on a long-term basis to Allnex, a global leading supplier of resins and additives with $1.5 billion in sales.  The property is well located in Alpharetta; an affluent northern suburb located just 23 miles from downtown Atlanta, Georgia.

The 11-year lease provides for annual rental increases of about 2.1%.  In addition, Allnex provided a Letter of Credit in the amount of $750,000 as security for the lease. Acquired at a price of $8.33 million, this investment provides the investor with a stable, increasing long-term income stream with an above-average risk adjusted yield.  

Responsibilities:  Acquisition, Financing and Asset Management