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Stoic Equity Partners Buys Property From The Daphne In McDonough For $5.8M

Property Image
SOLD
$5,800,000
Nick Watson
Harrison Auerbach

Georgia

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Office361,200 SF
Sold 04/02/2024
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Property Image
SOLD

Stoic Equity Partners Buys Property From The Daphne In McDonough For $5.8M

Office361,200 SF
Sold 04/02/2024
Nick Watson
Harrison Auerbach
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$16
Total Square Footage:361,200 SF
Transaction Type:Sale

The transaction involved the sale of a 90,300-square-foot office and warehouse property located at 221, 223, 363 & 373 McDonough Parkway in McDonough, GA. The property was sold for $5,800,000, resulting in a price per square foot of $64.

Summary of transaction details:

The deal was facilitated by brokers Harrison Auerbach and Nick Watson from Matthews Real Estate Investment Services, representing the buyer Stoic Equity Partners in the acquisition of the office and industrial property. Stoic Equity Partners acquired the property in McDonough, a southern suburb of Atlanta, for $5.8 million.

Players

Nick Watson
Matthews
Nick Watson
20 deals$149.4M volume(321) 960-1810
BROKER
Harrison Auerbach
Matthews
Harrison Auerbach
9 deals$37M volume(407) 312-1284
BROKER

Details

SOLD
IMAGE: 04/02/2024 ADDRESS: 221, 223, 363 & 373 Mcdonough Parkway MARKET: McDonough, GA ASSET TYPE: Office & Industrial BUYER: Stoic Equity Partners SELLER: The Daphne BROKERS: Harrison Auerbach & Nick Watson - Matthews Real Estate Investment Services SALE PRICE: $5,800,000 SF: 90,300 ~ PPSF: $64 NOTE: Stoic Equity Partners acquired a 90,300-square-foot office and warehouse property on McDonough Parkway in McDonough, a southern suburb of Atlanta, for $5.8 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51