Stoic Equity Partners Buys Property From The Daphne In McDonough For $5.8M
$5,800,000
$16/SF
Building Size
361,200 SF
Asset Type
Office
Closing
Apr 2, 2024
AI
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:
- Property Type: Office & Industrial
- Transaction Amount: $5,800,000
- Address: 221, 223, 363 & 373 McDonough Parkway
- Market: McDonough, GA
- Buyer: Stoic Equity Partners
- Seller: The Daphne
- Brokers: Harrison Auerbach & Nick Watson - Matthews Real Estate Investment Services
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
Market 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93