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2343 Crawfordville Highway

Chatam Management Acquires Retail Property In Crawfordville For $14.75M
SOLD

Chatam Management Acquires Retail Property In Crawfordville For $14.75M

2343 Crawfordville Highway

$14,750,000

Building Size

Asset Type

Closing

Sep 2, 2022

AI

The asset involved in this transaction is a retail property located at 2343 Crawfordville Hwy in Crawfordville. The sale price of the property was $14,750,000, with a total square footage of 54,804, resulting in a price per square foot of $269.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,750,000
  • Address: 2343 Crawfordville Hwy
  • Market: Crawfordville
  • Square Footage: 54,804
  • Price per Square Foot: $269
  • Buyer: Chatam Management
  • Seller: Hand Properties
  • Broker Representatives: Benedict Gutierrez - Marcus & Millichap; Lane Breedlove & Margaret Jones - Cushman & Wakefield

This transaction involved notable individuals and firms, with Benedict Gutierrez representing the buyer through Marcus & Millichap, while Lane Breedlove and Margaret Jones represented the seller through Cushman & Wakefield. Their roles were crucial in facilitating the successful completion of this sale.

Players

CM
Chatam ManagementBuyer
HP
Hand PropertiesSeller

Crawfordville CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93