Industrial Warehouse – Atlanta, GA

Closed: March 2016

UPB: $11,150,000

 

Loan Details

  • Loan needed to acquire 175,000 SF industrial facility and develop 220,000 SF of warehouse on the adjacent 50 acres for the intended use of a film production space.

Collateral Summary

  • 52.54 acres of land located in East Atlanta close to Hartsfield-Jackson Atlanta International Airport and the Atlanta CBD.

  • Nine sound stages with 50 foot clear heights, dock doors, and HVAC were built totaling a 220,000 SF which leased around $50 PSF.

  • Collateral valued at $17MM as warehouse space based on comparable sales of vacant industrial space in the market.

TOP