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.
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