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Chatam Management Acquires Retail Property In Crawfordville For $14.75M

Property Image
SOLD
$14,750,000

Florida

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Sold 09/02/2022
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Property Image
SOLD

Chatam Management Acquires Retail Property In Crawfordville For $14.75M

2343 Crawfordville Highway

See Similar Deals
Sold 09/02/2022

Summary

FLORIDA
Transaction Type:Sale

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

BUYER

Details

SOLD
IMAGE: Margaret Jones, Benedict Gutierrez & Lane Breedlove DATE: 09/02/2022 ADDRESS: 2343 Crawfordville Hwy MARKET: Crawfordville ASSET TYPE: Retail BUYER: Chatam Management SELLER: Hand Properties BROKERS: Benedict Gutierrez - Marcus & Millichap; Lane Breedlove & Margaret Jones - Cushman & Wakefield SALE PRICE: $14,750,000 SF: 54,804 ~ PPSF: $269

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$52,403.63
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