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1001 Cherry Drive, Braselto...

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

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

Dennis Mitchell

JLL

Broker

$1.5B

vol

20 deals

Broker
GP
Growth Capital PartnersBuyer

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