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1506-1516 Kalamazoo Drive G...

Woodland Industrial Park Sells For $6.5M In Griffin, GA
SOLDIndustrial

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

Ani Paulson

Marcus & Millichap

Broker

$79.1M

vol

10 deals

Broker

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