facebook

traded

+ Submit
Home

/

Deals

/

Georgia

/

Industrial

/

Sale

/

1791 Mount Zion Road, Morro...

LRC Properties Acquires Morrow, GA Industrial Property For $31.5M
SOLDIndustrial

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

Michael Sutter

Lee & Associates

Broker

$31.5M

vol

2 deals

Broker
LP
LRC PropertiesBuyer

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