Meridian Capital Refinances Retail Property In Decatur, GA For $13.5M
2801 Candler Road
$13,500,000
$30/SF
Building Size
450,000 SF
Asset Type
Retail
Closing
Aug 30, 2022
AI
The retail property located at 2801 Candler Road in Decatur, GA has recently undergone a financial transaction. The property spans a total of 450,000 square feet and features a retail space. The deal involved a loan refinancing, with a loan amount of $13,500,000. The loan terms are fixed-rate, providing stability for the borrower.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $13,500,000
- Address: 2801 Candler Road, Decatur, GA
- Market: Decatur, GA
- Asset Type: Retail
- Square Footage: 450,000
Elliott Kunstlinger from Meridian Capital represented the parties involved in the transaction as the broker.
Decatur 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93