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400 Fort Argyle Road Savann...

EQT Exeter Acquires Southeast Gateway Business Park In Savannah, GA For $120.4M
SOLDIndustrial

EQT Exeter Acquires Southeast Gateway Business Park In Savannah, GA For $120.4M

400 Fort Argyle Road Savannah, GA 31419, USA

$120,400,000

$100/SF

Building Size

1,200,000 SF

Asset Type

Industrial

Closing

Aug 24, 2023

AI

EQT Exeter has expanded its industrial assets portfolio by acquiring the 1.2 million-square-foot Southeast Gateway business park in Savannah, GA for $120.4 million from Conor Commercial Real Estate. The property, located at 400 & 450 Fort Argyle Road, is an industrial asset in Savannah's market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $120,400,000
  • Square Footage: 1,200,000
  • Price per Square Foot: $100
  • Address: 400 & 450 Fort Argyle Road, Savannah, GA
  • Market: Savannah, GA

The deal involved EQT Exeter as the buyer and Conor Commercial Real Estate as the seller. The transaction was facilitated by brokers Britton Burdette, Jim Freeman, John Huguenard, and Max Coffin from JLL.

Players

John Huguenard

JLL

Broker

$1.5B

vol

24 deals

Broker
EQT Exeter
EQT ExeterBuyer
Conor Commercial Real Estate
Conor Commercial Real EstateSeller

Argyle 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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93