Principal Real Estate Investors Acquires Industrial Assets In Doraville, Atlanta, Georgia, & Jacksonville For $49M
4345 Perimeter Industrial Pkwy N, Jacksonville, Florida 32219, United States
$49,000,000
$133/SF
Building Size
367,820 SF
Asset Type
Industrial
Closing
Mar 14, 2022
AI
The property involved in this closed transaction is an industrial asset located at 2650 Button Gwinnett Dr & 4345 Perimeter Industrial Parkway North in Doraville, Atlanta, Georgia, and Jacksonville. The property spans 367,820 square feet and has been sold for a price of $49,000,000, resulting in a price per square foot of $133. The transaction took place on 03/15/2022 between the buyer, Principal Real Estate Investors, and the seller, Rooker.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $49,000,000
- Address: 2650 Button Gwinnett Dr & 4345 Perimeter Industrial Parkway North, Doraville, Atlanta, Georgia, and Jacksonville
- Square Footage: 367,820
- Price per Square Foot: $133
The deal was facilitated by JLL Capital Markets. The brokers involved in the transaction were Matt Wirth, Luis Castillo, Dennis Mitchell, Britton Burdette, Jim Freeman, Cody Brais, Luke Pope, and Brad Pope. They represented their respective parties in the negotiation and closing of the deal.
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93