News
PRICE IS RIGHT MUIR!
January 15, 2013
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| Across the highway is the Screen Gems studio. Next door is the massive Ft. McPherson redevelopment. Just north is the upcoming Porsche HQ. And in Price Muir?s view, a 1M SF industrial complex at 2251 Sylvan Rd and 1122 Milledge St is ?ground zero for air, freight, and rail.? (They're setting up a little cocktail party for different types of transportation.) Price?s new company, WPM Commercial, just paid $13.9M for the two warehouses from the JM Boles Family. In turn, the family?s company BPS Cores leased back the properties for 10 years. | |
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| NAI Brannen Goddard's Mike Chambers, Jack Haden, and Brad Pope brokered the sale. Price says he's seeking intown opportunistic buys like this, but it's hard to do so with an empty building. (Empty buildings are where ghosts live, which also makes purchasing difficult.) ?Right now, it's hard getting loans unless you got cash flow in place,? he says. ?The days being able to get 80% LTV on a vacant building… are gone.? |
