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
Crawfordville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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