CTO Realty Growth Inc Acquires Mixed-Use Property In Cumming, GA For $96M
410 Peachtree Parkway, Cumming, Georgia 30041, United States
$96,000,000
$171,428/SF
Building Size
560 SF
Asset Type
Mixed-use
Closing
Mar 1, 2023
AI
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.
Cumming Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93