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1870 Forge Street

COFE Properties Secures $35.7 Million Loan From Synovus Bank For Industrial Portfolio In Tucker GA
FINANCEDIndustrial

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

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:

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.

Players

Melissa Rose

JLL

Broker

$3.2B

vol

54 deals

Broker
Synovus Bank
Synovus BankLender

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