FINANCEDRetail
IBorrow Provides $15.6M Acquisition Loan For Retail Property In Milton, GA
10930 Crabapple Road Milton, Georgia 30075, USA
$15,600,000
$274/SF
Building Size
56,921 SF
Asset Type
Retail
Closing
Apr 24, 2023
AI
The property involved in the transaction is a retail asset located at 10930 Crabapple Road in Milton, GA. The property spans approximately 56,921 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,600,000
The lender in this transaction is iBorrow, represented by Brian Good.
The loan amount for this acquisition is $15,600,000.
Players
Milton Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93