Voya Investment Provides $36M Loan For Retail Property In Canton, Georgia
1810 Cumming Highway Canton, Georgia 30115, USA
$36,000,000
$107/SF
Building Size
335,445 SF
Asset Type
Retail
Closing
May 26, 1920
About this deal
AI
The retail property located at 1810 Cumming Highway in Canton, GA has been involved in a recent loan transaction. The asset has a total square footage of 335,445 and is owned by Acadia Realty Trust.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $36,000,000
- Lender: Voya Investment Management
- Brokers: Mike Ryan, Brian Linnihan, Richard Henry & JP Cordeiro - CBRE
The loan amount for this transaction was $36,000,000, provided by Voya Investment Management. The deal was facilitated by brokers Mike Ryan, Brian Linnihan, Richard Henry, and JP Cordeiro from CBRE.
Players
Canton 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93