Justin Freedman Purchases Industrial Asset From Aslam Family In Atlanta For $11.5M
SOLD
$11,500,000
Georgia
See Similar DealsIndustrial151,000 SF
Sold 04/01/2025
SOLD
Justin Freedman Purchases Industrial Asset From Aslam Family In Atlanta For $11.5M
1159 Mount Zion Road
See Similar DealsIndustrial151,000 SF
Sold 04/01/2025
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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