LRC Properties Acquires Morrow, GA Industrial Property For $31.5M
SOLD
$31,500,000
Georgia
See Similar DealsIndustrial522,071 SF
Sold 06/22/2022
SOLD
LRC Properties Acquires Morrow, GA Industrial Property For $31.5M
1791 Mount Zion Road, Morrow, Georgia 30260, United States
See Similar DealsIndustrial522,071 SF
Sold 06/22/2022
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:522,071 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,680,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,912.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$149,326.07
Annual Debt Service$1,791,912.85
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