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Oakley Real Estate Partners Acquires Industrial Building From The Hoover Family For $4.4M

Property Image
SOLD
$4,402,500
Marc D. Smouha
Martin Cohen

Georgia

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Industrial43,044 SF
Sold 01/12/2026
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Property Image
SOLD

Oakley Real Estate Partners Acquires Industrial Building From The Hoover Family For $4.4M

1405 Owenby Drive Northeast

See Similar Deals
Industrial43,044 SF
Sold 01/12/2026
Marc D. Smouha
Martin Cohen
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$102
Total Square Footage:43,044 SF
Transaction Type:Sale

The property involved in this closed transaction is an industrial asset located at 1405 Owenby Drive Northeast, Atlanta, GA. The sale price for this property was $4,402,500, with a total square footage of 43,044, equating to a price per square foot of $102.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,402,500
  • Address: 1405 Owenby Drive Northeast
  • Market: Atlanta, GA
  • Square Footage: 43,044
  • Price Per Square Foot: $102
  • Buyer: Oakley Real Estate Partners
  • Seller: The Hoover Family
  • Broker Representatives: Martin Cohen & Marc D. Smouha - CorePoint RE

This transaction was facilitated by Martin Cohen and Marc D. Smouha from CorePoint RE, representing the parties involved. It was noted that this was an off-market transaction, highlighting the active role of CorePoint RE in closing the deal.

Players

Martin Cohen
Corepoint RE
Martin Cohen
2 deals$8.1M volume(917) 565-1398
BROKER

Details

SOLD
IMAGE: Martin Cohen & Marc D. Smouha DATE: 1/12/2026 ADDRESS: 1405 Owenby Drive Northeast MARKET: Atlanta, GA ASSET TYPE: Industrial BUYER: Oakley Real Estate Partners SELLER: The Hoover Family BROKERS: Martin Cohen (@MartysCohen) & Marc D. Smouha (@Marc_Smouha) - CorePoint RE SALE PRICE: $4,402,500 SF: 43,044 ~ PPSF: $102 NOTE FROM BROKER: CorePoint is excited to announce the closing of this Marietta, Georgia industrial building. This was an off-market transaction facilitated by CorePoint RE. We're active nationwide, let's connect! E- [email protected] W- CorePointRE.com

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,641.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,870.10
Annual Debt Service$250,441.15