Updated Nov 27, 2024
JLL Income Property Trust Acquires Industrial Asset In Buford, GA For $95M
4630 Distribution Parkway, Buford, Ga 30519, United States
$95,000,000
$146/SF
Building Size
649,183 SF
Asset Type
Industrial
Closing
Dec 8, 2021
About this deal
AI
A 649,183 square-foot industrial property located at 4630 Distribution Parkway in Buford, GA, has been sold for $95,000,000. The asset was purchased by JLL Income Property Trust, represented by Allan Swaringen, from the seller Taylor & Mathis. With a price per square foot of $146, this transaction marks a significant sale in the Buford market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $95,000,000
- Address: 4630 Distribution Parkway, Buford, GA
- Market: Buford, GA
Allan Swaringen, representing JLL Income Property Trust, played a key role in the acquisition of this industrial property. The seller, Taylor & Mathis, completed the deal under their guidance. The sizeable transaction of $95,000,000 highlights the strong market value of this property, with a price per square foot of $146. This sale contributes to the ongoing real estate activity in the Buford market.
Players
Pinecrest 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93