Denholtz Properties Acquires Industrial Property In Savannah, GA For $33M
SOLD
$33,000,000
Georgia
See Similar DealsIndustrial
Sold 09/12/2022
SOLD
Denholtz Properties Acquires Industrial Property In Savannah, GA For $33M
10 Artley Road, Savannah, Georgia 31408, United States
See Similar DealsIndustrial
Sold 09/12/2022
Summary
GEORGIA
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 101 & 111 Coleman Blvd & 10 Artley Road in Savannah, GA has been sold. The transaction took place on September 12, 2022. The property was sold for a total price of $33,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $33,000,000
Denholtz Properties, a real estate company, was the buyer in this transaction. The sale was facilitated by the brokerage firm JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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