Updated Jun 6, 2025
Porter Logistics Leases 150000 Square Feet At Logistics Pointe In Atlanta With Covington Group As Landlord
605 Selig Drive Southwest
Building Size
150,000 SF
Asset Type
Industrial
Closing
Jun 4, 2025
About this deal
AI
The property asset involved in this transaction is a 150,000-square-foot industrial facility located at 605 Selig Drive Southwest in Atlanta, GA. The asset is part of a larger facility totaling 650,259 square feet, owned by Covington Group Inc, the landlord in this transaction.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 150,000
- Address: 605 Selig Drive Southwest
- Market: Atlanta, GA
- Landlord: Covington Group Inc
- Tenant: Porter Logistics
- Broker: Austin Kriz - JLL
This lease transaction was facilitated by Austin Kriz, who represented Porter Logistics. The signing of the lease at Logistics Pointe increased Porter Logistics' total occupancy to 412,513 square feet within the Atlanta market.
Players
Atlanta Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93