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Alterra IOS Acquires 28 Acres Of Industrial Properties In Atlanta Metro For $22.4 Million

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SOLD
$22,400,000

Georgia

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Industrial
Sold 07/11/2024
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SOLD

Alterra IOS Acquires 28 Acres Of Industrial Properties In Atlanta Metro For $22.4 Million

0 Liberty Industrial Parkway, 2620 Campbell Boulevard & 498 Tuggle Greer Drive

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Industrial
Sold 07/11/2024
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Summary

GEORGIA
Asset Type:Industrial
Transaction Type:Sale

The transaction involves the sale of three industrial outdoor storage properties located at 0 Liberty Industrial Parkway, 2620 Campbell Boulevard, and 498 Tuggle Greer Drive in the markets of McDonough, Ellenwood, and Buford, Georgia. The total area of the properties encompasses 28 acres and the sale was completed for $22,400,000.

Summary of transaction details:

Alterra IOS has successfully expanded its Atlanta metro portfolio through this acquisition of significant industrial space, illustrating their strategic investment in the region's industrial sector. The deal was facilitated by Mendy Ruder from Lee & Associates, who represented the buyers in this transaction.

Players

Mendy Ruder
Lee & Associates
Mendy Ruder
1 deal$22.4M volume(404) 442-2848
BROKER

Details

SOLD
IMAGE: 07/11/2024 ADDRESS: 0 Liberty Industrial Parkway, 2620 Campbell Boulevard & 498 Tuggle Greer Drive MARKET: McDonough, Ellenwood & Buford, GA ASSET TYPE: Industrial ~ ACRES: 28 BUYER: Alterra IOS BROKER: Mendy Ruder - Lee & Associates SALE PRICE: $22,400,000 NOTE: Alterra IOS has expanded its Atlanta metro portfolio with the acquisition of three industrial outdoor storage properties totaling 28 acres, including locations in McDonough, Ellenwood, and Buford, Georgia, for a combined $22.4 million.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,194,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,582.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,187.43
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