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Timberwolf Dr

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

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

Kyle Gable

Gable Land Co.

Broker

$1.5M

vol

1 deal

Broker
NG
Noble Investment GroupBuyer

Lagrange Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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