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2343 Crawfordville Highway

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

Chatam Management Acquires Retail Property In Crawfordville For $14.75M

2343 Crawfordville Highway

$14,750,000

$269/SF

Building Size

54,804 SF

Asset Type

Retail

Closing

Sep 2, 2022

AI

In a recent transaction in Crawfordville, a retail property located at 2343 Crawfordville Hwy was sold for a staggering price of $14,750,000. The property spans an area of 54,804 square feet, resulting in a price per square foot of $269. The sale was completed on 09/02/2022 in the Crawfordville market.

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

Chatam Management emerged as the buyer in this deal, while Hand Properties acted as the seller. The transaction was facilitated by a team of brokers, including Benedict Gutierrez from Marcus & Millichap, and Lane Breedlove and Margaret Jones from Cushman & Wakefield.

Players

Benedict Gutierrez

Berlin Group

Broker

$46.4M

vol

7 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
HP
Hand PropertiesSeller

Crawfordville Retail Market Snapshot

Boundary boundary · Retail · 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