Updated May 12, 2025
CIP Real Estate Acquires Lavista Business Park In Tucker, GA For $37 Million With LoanCore Capital
2000 Weems Road & 2068 Weems Road
$37,000,000
$85/SF
Building Size
217,495 SF
Asset Type
Industrial
Closing
Apr 10, 2025
About this deal
AI
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
Tucker Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Tucker industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93