Milestone Properties Acquires Office Building In Atlanta For $13M
150 Interstate North Parkway Southeast, Atlanta, Georgia 30339, United States
$13,000,000
$213/SF
Building Size
60,986 SF
Asset Type
Office
Closing
Jan 20, 2022
AI
The office located at 150 Interstate N. Pkwy. in Atlanta, GA has been sold in a transaction. The property encompasses a total area of 60,986 square feet. The sale price for this office space was $13,000,000, resulting in a price per square foot of $213.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,000,000
- Square Footage: 60,986
- Price per Square Foot: $213
- Address: 150 Interstate N. Pkwy., Atlanta, GA
- Market: Atlanta, GA
Milestone Properties acquired the office property from Brookill Corp., represented by Keith Geiger. Joshua Cohan from NAI Capital acted as the buyer's representative, while Phil Sambazis and Ronnie Insalaco from Marcus & Millichap acted as the seller's representatives in the deal.
Players
Atlanta 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93