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150 Vine Street

Gene Slivka Acquires Industrial Property In Monroe, GA For $6M
SOLDIndustrial

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

Dan Shapiro

Kassin Sabbagh Realty

Broker

$105.1M

vol

11 deals

Broker

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