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Growth Capital Partners Acquires 30.5 Acre Industrial Property In Braselton, GA For $27.4M

Property Image
SOLD
$27,400,000
Matt Wirth
Dennis Mitchell
+ 1

Georgia

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Industrial455,602 SF
Sold 01/05/22
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Property Image
SOLD

Growth Capital Partners Acquires 30.5 Acre Industrial Property In Braselton, GA For $27.4M

1001 Cherry Drive, Braselton, Georgia 30517, United States

See Similar Deals
Industrial455,602 SF
Sold 01/05/22
Matt Wirth
Dennis Mitchell
+ 1
Contact now

Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:455,602 SF
Transaction Type:Sale

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

Dennis Mitchell
19 deals$1.2B volume
BROKER

Matt Wirth
JLL
12 deals$638.5M volume
BROKER

Mitchell Townsend
JLL
7 deals$409.3M volume
BROKER

Britton Burdette
JLL
19 deals$1.3B volume
BROKER

BUYER

Details

SOLD
IMAGE: Dennis Mitchell, Matt Wirth, & Britton Burdette DATE: 01/06/22 ADDRESS: 1001 Cherry Dr. MARKET: Braselton, GA ASSET TYPE: Industrial ~ ACRES: 30.5 BUYER: Growth Capital Partners BROKER: Dennis Mitchell, Matt Wirth, Mitchell Townsend & Britton Burdette - JLL Capital Markets SALE PRICE: $27,400,000 SF: 455,602 ~ PPSF: $60

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,461,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$97,346.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,889.98
Annual Debt Service$1,558,679.75