Updated May 28, 2026
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
About this deal
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.
On the Map
$90,000,000
$132/SF
Industrial
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Players
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