Updated May 12, 2025
IGIS Asset Management Acquires Fully Leased Warehouse Portfolio In Dalton For $116.5M
128 Innovation Dr & 342 Innovation Dr
$116,500,000
$48/SF
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
May 1, 2025
About this deal
AI
Dossche Holdings sold a fully leased, 1.2 million square foot Class A warehouse portfolio located at 128 Innovation Dr & 342 Innovation Dr, Dalton, GA, to IGIS Asset Management for $116.5 million. The sale reflects a price per square foot of $97.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $116,500,000
- Square Footage: 1,200,000
- Address: 128 Innovation Dr & 342 Innovation Dr
- Market: Dalton, GA
- Buyer's Name: IGIS Asset Management
- Seller's Name: Dossche Holdings
- Brokers: Dennis Mitchell & Miyeon Lee - JLL
This transaction involved IGIS Asset Management acquiring the asset from Dossche Holdings, with representation provided by Dennis Mitchell and Miyeon Lee from JLL, highlighting the partnership in this significant industrial property deal.
Players
Dalton 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93