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Justin Freedman Purchases Industrial Asset From Aslam Family In Atlanta For $11.5M

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SOLD
$11,500,000

Georgia

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Industrial151,000 SF
Sold 04/01/2025
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SOLD

Justin Freedman Purchases Industrial Asset From Aslam Family In Atlanta For $11.5M

1159 Mount Zion Road

See Similar Deals
Industrial151,000 SF
Sold 04/01/2025
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Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:151,000 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 1159 Mount Zion Road in Atlanta, GA. The sale price for this property was $11,500,000, and it encompasses a total area of 151,000 square feet, which results in a price per square foot of $76.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,500,000
  • Address: 1159 Mount Zion Road
  • Market: Atlanta, GA
  • Square Footage: 151,000
  • Price Per Square Foot: $76
  • Buyer: Justin Freedman
  • Seller: Aslam Family
  • Broker: Marc D. Smouha - CorePoint RE

Justin Freedman acted as the buyer in this transaction, while the seller was the Aslam Family. Marc D. Smouha represented the broker agency, CorePoint RE, in the deal. The transaction was finalized on April 1, 2025.

Players

Marc D. Smouha
35 deals$260.5M volume(917) 992-5781
BROKER

Details

SOLD
IMAGE: Justin Freedman & Marc D. Smouha DATE: 04/01/2025 ADDRESS: 1159 Mount Zion Road MARKET: Atlanta, GA ASSET TYPE: Industrial BUYER: Justin Freedman SELLER: Aslam Family BROKER: Marc D. Smouha (@Marc_Smouha) - CorePoint RE (@CorePoint_RE) SALE PRICE: $11,500,000 SF: 151,000 ~ PPSF: $76 NOTE FROM BROKER: Excited about the recent launch of CorePoint RE! We are active nationwide, working primarily off market transactions. Let's connect- (E) [email protected] (W) CorePointRe.com

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$40,857.09
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