Updated Oct 28, 2024
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
About this deal
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.
On the Map
$31,500,000
$60/SF
Industrial
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Players
Morrow 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93