EverWest Real Estate Investors Acquires Industrial Distribution Center In Rex, GA For $30.4M
9485 Highway 42 Rex, Georgia 30273, USA
$30,400,000
$112/SF
Building Size
271,294 SF
Asset Type
Industrial
Closing
Jun 22, 2023
AI
EverWest Real Estate Investors has acquired a two-building distribution center in Rex, GA, totaling 271,294 square feet. The industrial campus features high clearance, dock-high and drive-in doors, ample parking space, and convenient connectivity to major interstates and the airport, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,400,000
- Address: 9485 Highway 42, Rex, GA
- Market: Rex, GA
- Acres: 21
Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, Jim Freeman, Stephen Bridges, and Kimani Mustafa of JLL represented both the buyer, EverWest Real Estate Investors, and the seller, InLight Real Estate Partners, in this transaction.
Players
Rex Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93