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Jeff Berryhill Of InLight Real Estate Partners Acquires Industrial Property In Lake City For $30.05M
SOLD
$30,050,000
Georgia
See Similar DealsIndustrial157,000 SF
Sold 09/11/2025
SOLD
Jeff Berryhill Of InLight Real Estate Partners Acquires Industrial Property In Lake City For $30.05M
5380 Dixie Industrial Dr
See Similar DealsIndustrial157,000 SF
Sold 09/11/2025
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:157,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,602,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,761.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,452.33
Annual Debt Service$1,709,427.97
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