Jordan Horowitz, Michael Horowitz & David Horowitz Of Cooper Horowitz Secures $9.6M Construction Loan For Self Storage In Kennesaw
4415 Wade Green Road
$9,600,000
$93/SF
Building Size
102,318 SF
Asset Type
Self Storage
Closing
Sep 12, 2024
AI
The asset involved in this transaction is a self-storage facility located at 4415 Wade Green Road in Kennesaw, GA. The property encompasses a total square footage of 102,318 and has secured a construction loan amounting to $9,600,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $9,600,000
- Loan Type: Construction
- Address: 4415 Wade Green Road
- Market: Kennesaw, GA
- Asset Size: 102,318 SF
The brokers involved in this transaction are Jordan Horowitz, Michael Horowitz, and David Horowitz, who represent Cooper Horowitz in facilitating the loan process for the property.
Players
Kennesaw Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93