Noble Investment Group Acquires Development Site From Selig Enterprises In LaGrange For $1.5M
Timberwolf Dr
$1,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 3, 2025
AI
The property involved in this transaction is a development site located at 101 Timberwolf Drive in Lagrange, GA. The sale price of the property is $1,500,000 and it spans an area of two acres. This site is part of Selig Enterprises' Sola mixed-use development, which is indicative of its potential for future development and investment.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Buyer: Noble Investment Group
- Seller: Selig Enterprises
- Brokers: J.T. Speros, John Speros & Kyle Gable - Ackerman Pioneer Land Advisory Group
- Market: Lagrange, GA
J.T. Speros, John Speros, and Kyle Gable of Ackerman Pioneer Land Advisory Group represented the interests of both the buyer, Noble Investment Group, and the seller, Selig Enterprises, in this transaction. Their involvement facilitated the successful completion of the sale on April 3, 2025.
Players
Lagrange Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93