Updated Apr 14, 2026
Hersh Equity Group And Mindful Capital Group Acquire Industrial Property In Atlanta For $15.55M
3940 Shirley Drive
$15,550,000
$115/SF
Building Size
134,172 SF
Asset Type
Industrial
Closing
Mar 31, 2026
About this deal
AI
The transaction involves a multi-tenant, shallow-bay warehouse portfolio located at 3940 Shirley Drive in Atlanta. The sale price was $15,550,000, and the total square footage of the asset is 134,172, which translates to a price per square foot of $115.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,550,000
- Address: 3940 Shirley Drive
- Market: Atlanta
- Buyer: Juda Hersh, Corey Schwartz, Jake Stauber - Hersh Equity Group; Patrick Carney - Mindful Capital Group
- Seller: Owen Middour - Middour Investments
- Square Footage: 134,172
- Price Per Square Foot: $115
Hersh Equity Group, in partnership with Mindful Capital Group, has successfully completed this acquisition, marking their initial entry into the Atlanta market and establishing their first joint venture. The partnership aims to pursue further acquisitions of quality small-bay and shallow-bay industrial properties within the Atlanta industrial market.
On the Map
$15,550,000
$115/SF
Industrial
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Players
Atlanta 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93