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Noble Investment Group Acquires Development Site From Selig Enterprises In LaGrange For $1.5M

Property Image
SOLD
$1,500,000
John Speros
John Thomas Speros
Kyle Gable

Georgia

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Development Site
Sold 04/03/2025
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Property Image
SOLD

Noble Investment Group Acquires Development Site From Selig Enterprises In LaGrange For $1.5M

Timberwolf Dr

See Similar Deals
Development Site
Sold 04/03/2025
John Speros
John Thomas Speros
Kyle Gable
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:Development Site
Transaction Type:Sale

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

Kyle Gable
Kyle Gable
1 deal$1.5M volume(770) 225-0718
BROKER
NG
Noble Investment Group
BUYER

Details

SOLD
IMAGE: 04/03/2025 ADDRESS: 101 Timberwolf Drive MARKET: Lagrange, GA ASSET TYPE: Development Site BUYER: Noble Investment Group SELLER: Selig Enterprises BROKERS: J.T. Speros, John Speros & Kyle Gable - Ackerman Pioneer Land Advisory Group SALE PRICE: $1,500,000 NOTE: Ackerman/Pioneer Land Advisory Group facilitated the $1.5M sale of a two-acre site in Selig Enterprises' Sola mixed-use development in LaGrange.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18