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2046 West Park Place Boulevard

Jake Zebede & Kevin Gonzalez Of Trustone Realty Advisors Brokered Jay Massirman’s $90 Million Purchase Of An Industrial Asset From William Monaghan
SOLDIndustrial

Jake Zebede & Kevin Gonzalez Of Trustone Realty Advisors Brokered Jay Massirman’s $90 Million Purchase Of An Industrial Asset From William Monaghan

2046 West Park Place Boulevard

$90,000,000

$132/SF

Building Size

677,000 SF

Asset Type

Industrial

Closing

May 14, 2026

AI

The property asset involved in the transaction is an industrial facility located at 2046 West Park Place Boulevard, Atlanta, GA. The sale was completed at a price of $90,000,000, encompassing a total square footage of 677,000, which equates to a price per square foot of $132.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $90,000,000
  • Address: 2046 West Park Place Boulevard
  • Market: Atlanta, GA
  • Square Footage: 677,000
  • Price per Square Foot: $132
  • Buyer: Jay Massirman
  • Seller: William Monaghan
  • Brokers: Jake Zebede & Kevin Gonzalez - Trustone Realty Advisors

In this transaction, Jay Massirman acted as the buyer while William Monaghan was the seller. The brokers facilitating this deal were Jake Zebede and Kevin Gonzalez, representing Trustone Realty Advisors throughout the negotiation process.

Players

Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker
Trustone Realty Advisors
Trustone Realty AdvisorsBrokerage

Jay Massirman

Buyer

$405.7M

vol

7 deals

Buyer

Stone Mountain 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93