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3864 Us Route 41

Thor Equities Secures $71.7 Million Refinance Loan For Gordon Logistics Center In Adairsville GA
FINANCEDIndustrial

Thor Equities Secures $71.7 Million Refinance Loan For Gordon Logistics Center In Adairsville GA

3864 Us Route 41

$71,700,000

$69/SF

Building Size

1,039,018 SF

Asset Type

Industrial

Closing

Nov 6, 2025

AI

The property involved in the transaction is Gordon Logistics Center, an industrial asset located at 3864 Us Route 41 in Adairsville, GA. This facility spans 1,039,018 square feet and is classified as a Class A manufacturing facility. The refinancing transaction was executed for a total of $71,700,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $71,700,000
  • Lender: Benefit Street Partners Realty
  • Landlord: Thor Equities
  • Loan Type: Refinance
  • Loan Features: Floating-rate, two-year loan with three one-year extension options
  • Brokers Involved: Peter (Pete) Rotchford, Robert (Bobby) Norwood, David Sitt, Christopher "Chris" Pratt, Hamp Gibbs & Streeter Simmons - JLL

JLL Capital Markets played a significant role in arranging the financing for Thor Equities, representing them in this refinancing transaction. The loan provided by Benefit Street Partners Realty is designed to support the operations of the manufacturing facility.

Players

Peter Rotchford

JLL

Broker

$8.9B

vol

64 deals

Broker
JLL
JLLBrokerage
Benefit Street Partners Realty
Benefit Street Partners RealtyLender
Thor Equities
Thor EquitiesLandlord

Adairsville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93