Updated Sep 15, 2025
Jeff Berryhill Of InLight Real Estate Partners Acquires Industrial Property In Lake City For $30.05M
5380 Dixie Industrial Dr
$30,050,000
$191/SF
Building Size
157,000 SF
Asset Type
Industrial
Closing
Sep 11, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 5380 Dixie Industrial Dr, Lake City, GA. The closed sale amounted to $30,050,000 and encompasses a total area of 157,000 square feet on a site measuring 16 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,050,000
- Address: 5380 Dixie Industrial Dr
- Market: Lake City, GA
- Square Footage: 157,000
- Price Per Square Foot: $191
- Buyer: Jeff Berryhill - InLight Real Estate Partners
- Broker: JLL
The transaction highlights Jeff Berryhill representing InLight Real Estate Partners as the buyer in this deal, facilitated by the brokerage firm JLL. The acquisition reflects an investment in the Lake City Distribution Center in suburban Atlanta.
On the Map
$30,050,000
$191/SF
Industrial
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Players
Morrow 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93