Updated Oct 28, 2024
American Industrial LLC Acquires Industrial Property In Milledgeville For $9M
111 Fieldstone Drive
$9,000,000
$32/SF
Building Size
275,000 SF
Asset Type
Industrial
Closing
Jun 17, 2022
About this deal
AI
A property in Milledgeville, located at 111 Fieldstone Dr., has been sold in a recent transaction. The industrial property was acquired by American Industrial LLC for a total sale price of $9,000,000. The property spans approximately 275,000 square feet, resulting in a price per square foot of $32.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 111 Fieldstone Dr.
- Market: Milledgeville
- Buyer: American Industrial LLC - Roget Lerner, Jean-Marc Donics, Michael Chetrit
- Seller: Northrim Investments
- Brokers: Fickling & Company, Compass
American Industrial LLC, represented by Roget Lerner, Jean-Marc Donics, and Michael Chetrit, successfully acquired the industrial property. The sellers, Northrim Investments, entrusted the sale to Fickling & Company and Compass as the brokers for the transaction.
Players
Mooresville 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93