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3864 South Carolina Highway 41

Thor Equities Secures $71.7 Million Refinance Loan For Gordon Logistics Center In Adairsville, GA
FINANCEDIndustrial

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

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:

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.

Players

Peter Rotchford

JLL

Broker

$8.9B

vol

64 deals

Broker
Benefit Street Partners Realty
Benefit Street Partners RealtyLender
Thor Equities
Thor EquitiesLandlord

Huger Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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