3401 Atlanta Industrial Parkway was purchased in 2002. The 48,000 square foot brick and block building, was located in the Fulton Industrial submarket. At the time of purchase, the property was leased to Invacare (a multi-billion dollar international medical device company). During the holding period, the property had annual returns in excess of 25%. The project sold in
August 2006 at the end of Invacare’e lease to Multi-Stone Marble & Granite. The sale provided AIP Properties’ investors an appreciation in value of more than 28% and an IRR exceeding 29%.