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2355 Orchard Lane, Ellijay,...

Armando Bravo & Neyda Bravo Acquire 102-acre Development Site In Ellijay, GA For $2.8M
SOLDDevelopment Site

Armando Bravo & Neyda Bravo Acquire 102-acre Development Site In Ellijay, GA For $2.8M

2355 Orchard Lane, Ellijay, Georgia 30175, United States

$2,784,600

Building Size

Asset Type

Development Site

Closing

Dec 14, 2021

AI

Armando Bravo and Neyda Bravo have purchased a development site located at 2355 Orchard Ln in Ellijay, GA. The property spans across 102 acres and consists of 29 lots. The transaction was completed on 12/14/2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,784,600
  • Address: 2355 Orchard Ln, Ellijay, GA
  • Market: Ellijay, GA
  • Acres: 102
  • Lots: 29

The seller of the property was Sam Broady. Bravo and Partners represented the buyers, Armando Bravo and Neyda Bravo, in the deal. Alan Dover, from CENTURY 21, acted as the broker for the transaction.

Players

Alan Dover

Century 21

Broker

$2.8M

vol

1 deal

Broker

Armando Bravo

Bravo and Partners

Buyer

$31.2M

vol

8 deals

Buyer
BP
Bravo and PartnersBuyer

Talking Rock 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

5.70%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93