Updated May 12, 2025
Peco Fasteners Leases 88300 Square Feet Industrial Space At 9850 Commerce Way Douglasville GA
9850 Commerce Way
Building Size
88,300 SF
Asset Type
Industrial
Closing
Apr 2, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 9850 Commerce Way in Douglasville, GA. The total square footage of the property is 88,300, and the lease deal is valued at $10.7 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10.7 million
- Lease Date: 04/02/2025
- Landlord: EastGroup Properties
- Tenant: Peco Fasteners
- Brokers: Joseph Mullican & Lee Steed - Lee & Associates
This lease transaction was facilitated by Lee & Associates, representing the landlord EastGroup Properties through brokers Joseph Mullican and Lee Steed, who are part of the Atlanta office of the agency.
Players
Douglasville 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