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
Crawfordville Retail Market Snapshot
Boundary boundary · Retail · 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