Updated Sep 9, 2024
The Bronn Family Acquires Retail Property In Conyers, GA For $2.7M
929 Iris Drive Southeast
$2,665,298
$381/SF
Building Size
6,979 SF
Asset Type
MultiFamily
Closing
May 16, 2023
About this deal
AI
The retail property located at 929 Iris Drive Southeast in Conyers, GA has been sold. The property spans 6,979 square feet and was sold at a price of $2,665,298, resulting in a price per square foot of $382. The transaction took place on May 16, 2023, with a cap rate of 5.63%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,665,298
- Square Footage: 6,979
- Price per Square Foot: $382
- Cap Rate: 5.63%
- Market: Conyers, GA
The buyer of the property is The Bronn Family. The transaction was facilitated by brokers Stephen R. Preuss Sr and Kevin Schmitz from Ripco, along with Robert Sharfstein.
On the Map
$2,665,298
$381/SF
MultiFamily
View full map
Players
Conyers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Schmitz to view all their deals.
Browse Conyers multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.95%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93