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200 Hosea Road

Stockbridge Sells BlueLinx Atlanta IOS Distribution Facility In Lawrenceville, GA For $40M. Generated By Coldwell Banker's Brokers - Britton Burdette, Dennis Mitchell, Jim Freeman, Matt Wirth & Mitchell Townsend - JLL
SOLDIndustrial

Stockbridge Sells BlueLinx Atlanta IOS Distribution Facility In Lawrenceville, GA For $40M. Generated By Coldwell Banker's Brokers - Britton Burdette, Dennis Mitchell, Jim Freeman, Matt Wirth & Mitchell Townsend - JLL

200 Hosea Road

$40,000,000

$68/SF

Building Size

585,637 SF

Asset Type

Industrial

Closing

Oct 11, 2023

AI

The BlueLinx Atlanta IOS, a 585,637-square-foot distribution facility located at 200 Hosea Road in Lawrenceville, Georgia, has been sold for $40 million. The property is an industrial asset situated on 64.7 acres of land. Stockbridge was the seller of the facility, which was acquired by institutional investors advised by J.P. Morgan Global Alternatives.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $40,000,000
  • Square Footage: 585,637
  • Price per Square Foot: $68
  • Address: 200 Hosea Road, Lawrenceville, GA
  • Market: Lawrenceville, GA
  • Seller: Stockbridge

The sale of BlueLinx Atlanta IOS was facilitated by JLL Capital Markets, with Britton Burdette, Dennis Mitchell, Jim Freeman, Matt Wirth, and Mitchell Townsend from JLL serving as brokers in the transaction.

Players

Dennis Mitchell

JLL

Broker

$1.5B

vol

20 deals

Broker
Stockbridge
StockbridgeSeller

Lawrenceville 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93