Evan Chadakoff Acquires Richmond Hill Office Building For $4.6M
102-02 Liberty Avenue, Richmond Hill, GA, USA
$4,600,000
$1,805/SF
Building Size
2,548 SF
Asset Type
Office
Closing
Aug 18, 2021
About this deal
AI
The office property located at 102-02 Liberty Avenue in Richmond Hill has been sold for $4,600,000. The property, which spans 2,548 square feet, was sold at a price of $1,805 per square foot. The building has a total of 9,800 buildable square feet, resulting in a price per buildable square foot of $469. The lot size is 4,900 square feet, with dimensions of 50.08 feet by 97.33 feet. The property is zoned as R6B and C2-3, allowing for various uses. The transaction took place on 08/19/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,600,000
- Market: Richmond Hill
- Zoning: R6B, C2-3
Evan Chadakoff was the buyer in this transaction, while Jenel Real Estate acted as the seller. The property has a floor area ratio (FAR) of 0.52, and it falls under tax class 4. Permits for alteration type 2 were obtained on 10/11/2019.
Players
Richmond Hill Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93