Gene Slivka Acquires Industrial Property In Monroe, GA For $6M
150 Vine Street
$6,000,000
$14/SF
Building Size
420,000 SF
Asset Type
Industrial
Closing
Oct 4, 2022
AI
The industrial property located at 150 Vine St in Monroe, GA has been sold in a closed transaction. The property spans 420,000 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $14. The sale was finalized on 10/04/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 150 Vine St, Monroe, GA
- Market: Monroe, GA
- Buyer: Gene Slivka
- Seller: Tommy Breedlove
- Brokers: Dan Shapiro & Josh Rosen - Kassin Sabbagh Realty
The buyer, Gene Slivka, acquired the property from the seller, Tommy Breedlove. The sale was facilitated by Dan Shapiro and Josh Rosen from Kassin Sabbagh Realty, representing their respective clients. The property was delivered vacant, and along with the purchase, an additional 20 acres of land was included. As part of their expansion strategy in the industrial markets across the country, Kassin Sabbagh Realty continues to solidify its presence.
For any future opportunities or inquiries, please reach out to Dan Shapiro at [email protected] or Josh Rosen at [email protected].
Players
Denver 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93