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CIP Real Estate Acquires Lavista Business Park In Tucker, GA For $37 Million With LoanCore Capital

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SOLD
$37,000,000

Georgia

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Industrial434,990 SF
Sold 04/10/2025
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SOLD

CIP Real Estate Acquires Lavista Business Park In Tucker, GA For $37 Million With LoanCore Capital

2000 Weems Road & 2068 Weems Road

See Similar Deals
Industrial434,990 SF
Sold 04/10/2025
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Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$85
Total Square Footage:434,990 SF
Transaction Type:Sale

The property asset involved in this transaction is Lavista Business Park, located at 2000-2068 Weems Road in Tucker, GA. The industrial asset spans 11.76 acres and comprises 217,495 square feet. The sale price for this property is $37,000,000, with a price per square foot of $170. The complex is currently 92% leased and offers strategic access to major interstate highways.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $37,000,000
  • Buyer: CIP Real Estate
  • Seller: ATCAP Partners
  • Lender: LoanCore Capital
  • Loan Amount: $26,350,000
  • Square Footage: 217,495
  • Price per Square Foot: $170
  • Acres: 11.76
  • Market: Tucker, GA
  • Leased Percentage: 92%

The deal involved CIP Real Estate acquiring the property from ATCAP Partners, with financing provided by LoanCore Capital. The transaction reflects a strategic investment in the industrial sector, highlighting the partnership between the entities involved in facilitating the exchange.

Players

BUYER


Details

SOLD
IMAGE: 04/10/2025 ADDRESS: 2000-2068 Weems Road MARKET: Tucker, GA ASSET TYPE: Industrial ~ ACRES: 11.76 BUYER: CIP Real Estate SELLER: ATCAP Partners LENDER: LoanCore Capital SALE PRICE: $37,000,000 SF: 217,495 ~ PPSF: $170 NOTE: CIP Real Estate has acquired Lavista Business Park in Tucker, GA, for $37 million, funded partly by a $26.35 million loan from LoanCore Capital. The 217,495-square-foot industrial complex is 92% leased and boasts strategic access to major interstate highways.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,973,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52