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Marcus & Millichap Capital Secures $9.59M Acquisition Loan For East Point Industrial Property
FINANCED
$9,587,500
Georgia
See Similar DealsIndustrial231,667 SF
Financed 06/10/2025
FINANCED
Marcus & Millichap Capital Secures $9.59M Acquisition Loan For East Point Industrial Property
1239 Oakleigh Drive
See Similar DealsIndustrial231,667 SF
Financed 06/10/2025
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$41
Total Square Footage:231,667 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,587,500.00
Monthly NOI$63,916.67
Monthly Debt Service$60,599.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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