Updated Dec 4, 2024
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
$22,400,000
Building Size
—
Asset Type
Industrial
Closing
Jul 11, 2024
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $22,400,000
- Buyer: Alterra IOS
- Broker: Mendy Ruder - Lee & Associates
- Sale Date: 07/11/2024
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
McDonough Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93