Growth Capital Partners Acquires 30.5 Acre Industrial Property In Braselton, GA For $27.4M
1001 Cherry Drive, Braselton, Georgia 30517, United States
$27,400,000
$60/SF
Building Size
455,602 SF
Asset Type
Industrial
Closing
Jan 5, 1922
AI
The sale of an industrial property in Braselton, GA has been finalized. The property, located at 1001 Cherry Dr., spans over 30.5 acres. The transaction was facilitated by JLL Capital Markets, with Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Britton Burdette representing the buyer, Growth Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $27,400,000
- Square Footage: 455,602
- Price per Square Foot: $60
- Address: 1001 Cherry Dr., Braselton, GA
- Market: Braselton, GA
- Buyer: Growth Capital Partners
The deal, which closed on 01/06/22, reflects the strong demand for industrial properties in the Braselton market. This transaction demonstrates the competitiveness of the local industrial real estate sector, with buyers seeking strategic investment opportunities. Growth Capital Partners recognized the value of the property and engaged the expertise of Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Britton Burdette from JLL Capital Markets to navigate the deal and secure the acquisition.
Players
Braselton 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93