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150 Interstate North Parkwa...

Milestone Properties Acquires Office Building In Atlanta For $13M
SOLDOffice

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

Joshua Cohan

Marcus & Millichap

Broker

$87.1M

vol

7 deals

Broker

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