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.
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