Woodland Industrial Park Sells For $6.5M In Griffin, GA
1506-1516 Kalamazoo Drive Griffin, Georgia 30224, USA
$6,500,000
$76/SF
Building Size
85,012 SF
Asset Type
Industrial
Closing
Jun 27, 2023
AI
Woodland Industrial Park, an industrial property spanning 85,012 square feet in Griffin, Georgia, has been sold for $6.5 million, equating to $76.46 per square foot. The property is located at 1506-1516 Kalamazoo Drive in Griffin, GA. The sale took place on 06/27/2023. The property is situated on 8.15 acres of land.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Address: 1506-1516 Kalamazoo Drive, Griffin, GA
- Market: Griffin, GA
- Acres: 8.15
The sale was facilitated by Ani Paulson from Marcus & Millichap. Ani Paulson represented the seller in the transaction. The sale price of $6.5 million translates to a price per square foot of $76.
Players
Griffin 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93