CTO Realty Growth Inc Acquires Mixed-Use Property In Cumming, GA For $96M
SOLD
$96,000,000
Georgia
See Similar DealsMixed-use560 SF
Sold 03/01/2023
SOLD
CTO Realty Growth Inc Acquires Mixed-Use Property In Cumming, GA For $96M
410 Peachtree Parkway, Cumming, Georgia 30041, United States
See Similar DealsMixed-use560 SF
Sold 03/01/2023
Summary
GEORGIA
Asset Type:Mixed-use
Price Per Square Foot:$171,428
Total Square Footage:560 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 410 Peachtree Pkwy in Cumming, GA. The property spans 57 acres and encompasses a total area of 560,000 square feet. The sale price for this transaction amounts to $96,000,000, resulting in a price per square foot of $171.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $96,000,000
- Address: 410 Peachtree Pkwy, Cumming, GA
- Market: Cumming, GA
- Acres: 57
- Buyer: CTO Realty Growth Inc - John Albright
- Square Footage: 560,000
- Price per Square Foot: $171
The buyer in this transaction is CTO Realty Growth Inc, represented by John Albright. John Albright serves as the buyer's representative from CTO Realty Growth Inc. The sale of this mixed-use property marks a significant milestone in the real estate market in Cumming, GA.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,119,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,067.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,088.98
Annual Debt Service$5,461,067.72
Is there something missing? Send suggestions