Jeremy Friedman Acquires Industrial Property From Gerald Hudgins In McDonough, GA For $5,825,000
223-241 Mcdonough Parkway
$5,825,000
$64/SF
Building Size
90,300 SF
Asset Type
Industrial
Closing
Mar 8, 2024
AI
The industrial property located at 223-241 McDonough Parkway in McDonough, GA, was recently sold for $5,825,000. The property spans 90,300 square feet, resulting in a price per square foot of $65. The transaction involved Jeremy Friedman as the buyer and Gerald Hudgins as the seller. The sale was facilitated by brokers Nick Watson and Harrison Auerbach from Matthews Real Estate Investment Services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,825,000
- Buyer: Jeremy Friedman
- Seller: Gerald Hudgins
- Brokers: Nick Watson & Harrison Auerbach - Matthews Real Estate Investment Services
- Address: 223-241 McDonough Parkway, McDonough, GA
- Market: McDonough, GA
- Square Footage: 90,300
- Price Per Square Foot: $65
The transaction's key individuals included Jeremy Friedman as the buyer and Gerald Hudgins as the seller. Representing the parties in the deal were brokers Nick Watson and Harrison Auerbach from Matthews Real Estate Investment Services.
Players
McDonough 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93