Marcus & Millichap Capital Secures $9.59M Acquisition Loan For East Point Industrial Property
1239 Oakleigh Drive
$9,587,500
$41/SF
Building Size
231,667 SF
Asset Type
Industrial
Closing
Jun 10, 2025
AI
An industrial property located at 1239 Oakleigh Drive in East Point, GA, encompasses a total of 231,667 square feet. The acquisition of this asset was financed for an amount of $9,587,500 through a structured loan agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,587,500
- Loan Type: Acquisition
- Loan Terms: 10-year loan with a 6.75% interest rate, 25-year amortization, and 65% loan-to-value ratio
- Market: East Point, GA
- Broker: Garrett Fierstein - Marcus & Millichap
- Leased by: Americold
Marcus & Millichap Capital facilitated the financing, obtaining $9.59 million through a local credit union on behalf of a private client. The financing structure enhances the investment potential of the leased industrial property.
Players
Atlanta Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93