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300 Seabrook Pkwy, Pooler, ...

ASB Real Estate Investments Acquires Industrial Property In Pooler, GA For $161M
SOLDIndustrial

ASB Real Estate Investments Acquires Industrial Property In Pooler, GA For $161M

300 Seabrook Pkwy, Pooler, Georgia 31322, United States

$161,000,000

$115/SF

Building Size

1,400,000 SF

Asset Type

Industrial

Closing

Dec 27, 2021

AI

The industrial property located at 300 Seabrook Parkway in Pooler, GA was recently sold in a transaction. The property spans approximately 1,400,000 square feet. The sale price for the property was $161,000,000, resulting in a price per square foot of $115.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $161,000,000

The buyer of the property was ASB Real Estate Investments, represented by Mary Murphy. The seller in the transaction was Ares Management. The deal was facilitated by brokers Stewart Calhoun and Casey Masters from Cushman & Wakefield.

Players

Casey Masters

Cushman & Wakefield

Broker

$803.1M

vol

7 deals

Broker
ASB Real Estate Investments
ASB Real Estate InvestmentsBuyer
Ares Management
Ares Management Seller
Ares Management
Ares Management Lender

Pooler Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93