Updated Nov 14, 2025
Thor Equities Secures $71.7 Million Refinance Loan For Gordon Logistics Center In Adairsville, GA
3864 South Carolina Highway 41
$71,700,000
$69/SF
Building Size
1,039,018 SF
Asset Type
Industrial
Closing
Oct 28, 2025
About this deal
AI
The property asset involved in this transaction is the Gordon Logistics Center located at 3864 US-41 in Adairsville, GA. This industrial asset spans a total of 1,039,018 square feet and is associated with a loan amount of $71,704,000, which is designated for refinancing.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $71,704,000
- Lender: Benefit Street Partners
- Landlord: Thor Equities
- Brokers: Peter Rotchford, Robert Norwood, David Sitt & Christopher Pratt - JLL
- Loan Type: Refinance
This transaction involved several key individuals, including Peter Rotchford, Robert Norwood, David Sitt, and Christopher Pratt, who represented the interests of the landlord, Thor Equities, through their affiliation with JLL.
On the Map
$71,700,000
$69/SF
Industrial
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Players
Huger Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93