Updated Dec 21, 2023
Black Bear Capital Partners Arranges $21.5M Refinance Loan For 265k SF Industrial Property In Atlanta, GA
5155 Welcome All Road, Atlanta, Georgia 30349, United States
$21,500,000
$81/SF
Building Size
265,089 SF
Asset Type
Industrial
Closing
Apr 21, 2022
About this deal
AI
The 265,089 square foot industrial property located at 5155 Welcome All Rd in Atlanta, GA has undergone a refinancing transaction. The property, occupied by 1-800-FLOWERS.com, serves as a single tenant distribution center.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,500,000
- Address: 5155 Welcome All Rd, Atlanta, GA
- Market: Atlanta, GA
- Image: Brandon Harris
- Date: 04/22/2022
The refinancing of the property was facilitated by Brandon Harris of Black Bear Capital Partners. The loan amount of $21,500,000 was secured as a non-recourse loan with a 7-year fixed rate at 3.70%. The loan terms include twelve months of interest only payments, a 30-year amortization schedule, and a flexible prepayment structure. A balance sheet lender provided the financing for this transaction.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93