Updated Nov 28, 2024
Thor Equities Group Acquires Industrial Portfolio In Savannah, GA For $49M
Savannah, Georgia, United States
$49,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 28, 2022
About this deal
AI
The Industrial Portfolio in Savannah, GA has been sold for a price of $49,000,000. The property, spanning across 27 acres, was part of a closed transaction. The buyer of the Industrial Portfolio is Thor Equities Group, represented by Joseph Sitt.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $49,000,000
- Address: Industrial Portfolio, Savannah, GA
- Market: Savannah, GA
- Buyer: Thor Equities Group - Joseph Sitt
- Asset Type: Industrial
- Acres: 27
This deal highlights the involvement of Thor Equities Group, with Joseph Sitt representing the buyer. The acquisition of the Industrial Portfolio in Savannah, GA reflects their interest in the industrial market.
Players
Savannah 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93