Updated Sep 16, 2026
Rick Stone Of Sagard Real Estate Acquires 400,000 SF Industrial Campus In Atlanta From Alexander Dembitzer
5070 Phillip Lee Drive Southwest
Building Size
400,000 SF
Asset Type
Industrial
Closing
Sep 16, 2026
About this deal
AI
Sagard Real Estate acquired a four-building industrial campus located at 5070 Phillip Lee Drive Southwest in Atlanta, GA, which encompasses a total of 400,000 square feet and spans 15.5 acres. This fully leased Class B property has been inhabited by the same consumer-products manufacturer for over 20 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5070 Phillip Lee Drive Southwest
- Market: Atlanta, GA
- Asset Size: 400,000 square feet
- Land Size: 15.5 acres
- Buyer: Rick Stone - Sagard Real Estate
- Seller: Alexander Dembitzer - SkyREM
Rick Stone represented Sagard Real Estate in this transaction, while Alexander Dembitzer represented SkyREM. The acquisition is intended for Sagard's open-end core-plus real estate fund.
On the Map
Industrial
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Atlanta Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93