Updated Mar 3, 2026
Justin Freedman Purchases Industrial Asset From Aslam Family In Atlanta For $11.5M
1159 Mount Zion Road
$11,500,000
$76/SF
Building Size
151,000 SF
Asset Type
Industrial
Closing
Apr 1, 2025
About this deal
AI
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.
On the Map
$11,500,000
$76/SF
Industrial
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Players
Morrow 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93