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Industrial Outdoor Ventures Buys Facilities in Georgia, Florida for Combined $8.9M

The vacant former concrete facility in Newnan sits on 41.3 acres and will be fully redeveloped into a transportation and heavy equipment storage facility. (Photo courtesy of LoopNet Inc.)

NEWNAN, GA. AND ORLANDO, FLA. — Industrial Outdoor Ventures (IOV) has acquired two industrial facilities, one located in Newnan and the other in Orlando. IOV purchased the metro Atlanta property from Spancrete for $5.5 million. The vacant former concrete facility sits on 41.3 acres and will be fully redeveloped into a transportation and heavy equipment storage facility. The site is located at 95 Newnan South Industrial Drive, three miles from Interstate 85 and 42 miles southwest of downtown Atlanta. The Orlando asset was bought for $3.4 million from a private seller. Sitting on 6.5 acres at 3732 Bryn Mawr St., the property offers 63 dock-high doors and three drive-thru bays. The facility is fully leased to ABF Freight System Inc.

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