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Mount Zion Rd

Justin Freedman Acquires Industrial Asset In Atlanta For $11.5 Million With David Warren As The Broker
SOLDIndustrial

Justin Freedman Acquires Industrial Asset In Atlanta For $11.5 Million With David Warren As The Broker

Mount Zion Rd

$11,500,000

$76/SF

Building Size

151,000 SF

Asset Type

Industrial

Closing

Apr 1, 2025

AI

The property involved in this transaction is an industrial asset located at 1159 Mount Zion Road, Atlanta, GA. The sale was finalized for $11,500,000, reflecting a price per square foot of $76, with a total square footage of 151,000. This transaction represents a sale leaseback conducted on an off-market basis.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,500,000
  • Square Footage: 151,000
  • Price per Square Foot: $76
  • Buyer: Justin Freedman
  • Seller: Aslam Family
  • Broker: David Warren - KSR
  • Date of Transaction: 04/01/2025
  • Market: Atlanta, GA

In this transaction, Justin Freedman acted as the buyer while the Aslam Family served as the seller. The deal was brokered by David Warren from KSR, who specializes in sale leaseback opportunities as well as small bay and IOS deals nationwide. A note from the broker indicates the negotiated nature of this sale leaseback on an off-market basis.

Players

David Warren

Kassin Sabbagh Realty

Broker

$283.8M

vol

27 deals

Broker

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93