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

Property Image
SOLD
$113,000,000
Jim Freeman
Mitchell Townsend
Matt Wirth
+ 2

Georgia

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Industrial826,250 SF
Sold 10/21/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Industrial826,250 SF
Sold 10/21/2022
Jim Freeman
Mitchell Townsend
Matt Wirth
+ 2
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$136
Total Square Footage:826,250 SF
Transaction Type:Sale

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
Dennis Mitchell
19 deals$1.2B volume
BROKER
Matt Wirth
JLL
Matt Wirth
12 deals$638.5M volume
BROKER
Mitchell Townsend
JLL
Mitchell Townsend
7 deals$409.3M volume
BROKER
Britton Burdette
JLL
Britton Burdette
19 deals$1.3B volume
BROKER
Jim Freeman
JLL
Jim Freeman
14 deals$911.7M volume
BROKER
Stream Realty Partners⁠
Stream Realty Partners⁠
BUYER
AEW Capital Management
AEW Capital Management
SELLER
SP
Strategic Real Estate Partners
SELLER

Details

SOLD
IMAGE: Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend & Jim Freeman DATE: 10/21/2022 ADDRESS: 1516 Old Dean Forest Road MARKET: Garden City, GA ASSET TYPE: Industrial ~ ACRES: 106 BUYER: Stream Realty Partners SELLER: AEW Capital Management & Strategic Real Estate Partners BROKER: Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend & Jim Freeman - JLL SALE PRICE: $113,000,000 SF: 826,250 ~ PPSF: $137

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,026,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$401,465.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$535,677.65
Annual Debt Service$6,428,131.80