LRC Properties Acquires Morrow, GA Industrial Property For $31.5M
1791 Mount Zion Road, Morrow, Georgia 30260, United States
$31,500,000
$60/SF
Building Size
522,071 SF
Asset Type
Industrial
Closing
Jun 21, 2022
AI
The industrial property located at 1791 Mt Zion Rd in Morrow, GA has been sold in a transaction. The property spans a total square footage of 522,071 and was sold for a price of $31,500,000, resulting in a price per square foot of $60.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,500,000
- Square Footage: 522,071
- Price per Square Foot: $60
- Address: 1791 Mt Zion Rd, Morrow, GA
- Market: Morrow, GA
The buyer of the property is LRC Properties. The transaction was facilitated by Mike Sutter from Lee & Associates.
Players
Morrow 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93