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

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.