The price for the 75%-leased 400 Indeco Boulevard property was based on a 10% return, "the highest price for any investment in the Fulton industrial submarket," David Heaton, regional marketing and communications coordinator for the Atlanta office of Insignia/ESG Inc. tells GlobeSt.com. Heaton calls the property's performance "a great return" on investment.

Kevin Markwordt, senior managing director and John Kleinberg, vice president of Insignia/ESG's Capital Advisors brokered the transaction.

In a prepared statement, Markwordt calls the property "a quality asset with a stable and attractive tenant base." He says the 75%-leasing level of the building "gives the buyer the ability to add value through lease up of the remaining vacant space."