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1516 Old Dean Forest Road, ...

Stream Realty Partners Acquires Industrial Property In Garden City, GA For $113M
SOLDIndustrial

Stream Realty Partners Acquires Industrial Property In Garden City, GA For $113M

1516 Old Dean Forest Road, Garden City, Georgia 31408, United States

$113,000,000

$136/SF

Building Size

826,250 SF

Asset Type

Industrial

Closing

Oct 20, 2022

AI

The industrial property located at 1516 Old Dean Forest Road in Garden City, GA has been sold in a transaction. The property spans an impressive 106 acres and is categorized as an industrial asset.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $113,000,000
  • Square Footage: 826,250 square feet
  • Price per Square Foot: $137
  • Address: 1516 Old Dean Forest Road, Garden City, GA
  • Market: Garden City, GA

The buyer of the property is Stream Realty Partners, while the sellers are AEW Capital Management and Strategic Real Estate Partners. The transaction was facilitated by the brokers Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Jim Freeman of JLL.

Players

Dennis Mitchell

JLL

Broker

$1.5B

vol

20 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Buyer
AEW Capital Management
AEW Capital ManagementSeller

Savannah Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93