Updated Apr 29, 2026
COFE Properties Secures $35.7 Million Loan From Synovus Bank For Industrial Portfolio In Tucker GA
1870 Forge Street
$35,700,000
$89/SF
Building Size
397,959 SF
Asset Type
Industrial
Closing
Apr 27, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 1870 Forge Street in Tucker, GA. This property encompasses a total square footage of 397,959 and is part of a seven-building industrial portfolio owned by COFE Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,700,000
- Lender: Synovus Bank
- Landlord: COFE Properties
- Brokers: Melissa Rose, Robert Norwood, Nicole Diaz & Preston Bacon - JLL
JLL played a crucial role in this transaction by securing financing for COFE Properties through Synovus Bank, facilitating the acquisition of their industrial portfolio in northeast Atlanta.
On the Map
$35,700,000
$89/SF
Industrial
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Players
Tucker 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93