Updated Sep 9, 2024
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
About this deal
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