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180 Joe Frank Harris Parkwa...

SOLDIndustrial

Stephen M. Spaeder Of Equus Capital Partners Acquires Allatoona Business Center In Cartersville Georgia

180 Joe Frank Harris Parkway Southeast

Building Size

569,132 SF

Asset Type

Industrial

Closing

Aug 6, 2026

AI

Equus Capital Partners acquired an industrial property comprising three buildings, known as the Allatoona Business Center, located at 180 Joe Frank Harris Parkway Southeast in Cartersville, Georgia. The facility spans 569,132 square feet and was completed in 2024. At the time of closing, the property was 88.5% leased.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 180 Joe Frank Harris Parkway Southeast
  • Market: Cartersville, GA
  • Asset Size: 569,132 square feet
  • Buyer: Stephen M. Spaeder
  • Firm: Equus Capital Partners
  • Leasing Status at Closing: 88.5% leased

This transaction was facilitated through a programmatic joint venture, allowing Equus Capital Partners to enhance their industrial portfolio, reflecting the strong demand for logistics assets in the Atlanta area.

Players

Stephen M. Spaeder

Equus Capital Partners

Buyer

$325M

vol

10 deals

Buyer

Cartersville 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93