Updated Dec 4, 2024
Earnest Machine Products Leases 103776 SF Industrial Space From Link Logistics In Austell GA
7815 Third Flag Parkway Southwest
Building Size
103,776 SF
Asset Type
Industrial
Closing
Dec 4, 2024
About this deal
AI
The property asset involved in this transaction is an industrial space located at 7815 Third Flag Parkway, Austell, GA. The total square footage of the asset is 103,776. This lease was executed on December 4, 2024, and is representative of the industrial market in the specified area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7815 Third Flag Parkway
- Market: Austell, GA
- Landlord: Link Logistics
- Tenant: Earnest Machine Products
- Brokers: Michael (Mike) Sutter & Rick Tumlin - Lee & Associates
In this transaction, Earnest Machine Products entered into a lease agreement with Link Logistics for the industrial space. The deal was facilitated by brokers Michael (Mike) Sutter and Rick Tumlin, representing Lee & Associates, who played a crucial role in brokering the leasing agreement.
Players
Austell 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