Milestone Properties Acquires Office Building In Atlanta For $13M
SOLD
$13,000,000
Georgia
See Similar DealsOffice60,986 SF
Sold 01/21/2022
SOLD
Milestone Properties Acquires Office Building In Atlanta For $13M
150 Interstate North Parkway Southeast, Atlanta, Georgia 30339, United States
See Similar DealsOffice60,986 SF
Sold 01/21/2022
Summary
GEORGIA
Asset Type:Office
Price Per Square Foot:$213
Total Square Footage:60,986 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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